This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $132k initial cash invested.
-19.04%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$3,089
Rent
-$2,096
Cashflow
Cash Flow
$3,089 income − $5,185 expenses = $2,096 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,089
Total Expenses
$5,185
Mortgage P&I
109%
$3,365
Property Taxes
26%
$798
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0