This property looks like a bad Long-Term investment with a projected -10.43% first-year return on $131k initial cash invested.
-10.43%
Cash On Cash
4.53%
Cap Rate
0.72
DSCR
$4,270
Rent
-$1,138
Cashflow
Cash Flow
$4,270 income − $5,408 expenses = $1,138 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,234
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,270
Total Expenses
$5,408
Mortgage P&I
77%
$3,279
Property Taxes
19%
$796
Home Insurance
5%
$222
HOA
0%
$0
Property Management
10%
$427
CapEx
5%
$214
Vacancy
6%
$256
Maintenance
5%
$214
Other
0%
$0