This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $132k initial cash invested.
-15.6%
Cash On Cash
3.33%
Cap Rate
0.53
DSCR
$3,124
Rent
-$1,722
Cashflow
Cash Flow
$3,124 income − $4,846 expenses = $1,722 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,306
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,124
Total Expenses
$4,846
Mortgage P&I
106%
$3,317
Property Taxes
16%
$485
Home Insurance
7%
$233
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0