This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $133k initial cash invested.
-17.25%
Cash On Cash
2.76%
Cap Rate
0.45
DSCR
$3,012
Rent
-$1,908
Cashflow
Cash Flow
$3,012 income − $4,920 expenses = $1,908 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$126k
Closing costs
1%
$6,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,012
Total Expenses
$4,920
Mortgage P&I
107%
$3,209
Property Taxes
23%
$699
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0