This property looks like a bad Long-Term investment with a projected -18.77% first-year return on $132k initial cash invested.
-18.77%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$2,697
Rent
-$2,066
Cashflow
Cash Flow
$2,697 income − $4,763 expenses = $2,066 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,697
Total Expenses
$4,763
Mortgage P&I
129%
$3,484
Property Taxes
13%
$353
Home Insurance
8%
$224
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0