This property looks like a bad Long-Term investment with a projected -20.4% first-year return on $132k initial cash invested.
-20.4%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$2,337
Rent
-$2,237
Cashflow
Cash Flow
$2,337 income − $4,574 expenses = $2,237 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$125k
Closing costs
1%
$6,266
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,337
Total Expenses
$4,574
Mortgage P&I
146%
$3,422
Property Taxes
13%
$299
Home Insurance
10%
$228
HOA
1%
$17
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0