This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $132k initial cash invested.
-13.42%
Cash On Cash
3.77%
Cap Rate
0.61
DSCR
$4,050
Rent
-$1,472
Cashflow
Cash Flow
$4,050 income − $5,522 expenses = $1,472 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$125k
Closing costs
1%
$6,268
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,050
Total Expenses
$5,522
Mortgage P&I
80%
$3,238
Property Taxes
24%
$970
Home Insurance
6%
$262
HOA
0%
$0
Property Management
10%
$405
CapEx
5%
$202
Vacancy
6%
$243
Maintenance
5%
$202
Other
0%
$0