This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $129k initial cash invested.
-9.68%
Cash On Cash
4.42%
Cap Rate
0.73
DSCR
$3,708
Rent
-$1,044
Cashflow
Cash Flow
$3,708 income − $4,752 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,708
Total Expenses
$4,752
Mortgage P&I
84%
$3,127
Property Taxes
12%
$434
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0