This property looks like a bad Long-Term investment with a projected -24.67% first-year return on $132k initial cash invested.
-24.67%
Cash On Cash
1.63%
Cap Rate
0.25
DSCR
$2,338
Rent
-$2,719
Cashflow
Cash Flow
$2,338 income − $5,057 expenses = $2,719 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,338
Total Expenses
$5,057
Mortgage P&I
148%
$3,459
Property Taxes
33%
$770
Home Insurance
9%
$220
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0