This property looks like a bad Long-Term investment with a projected -19.36% first-year return on $132k initial cash invested.
-19.36%
Cash On Cash
2.47%
Cap Rate
0.39
DSCR
$2,237
Rent
-$2,134
Cashflow
Cash Flow
$2,237 income − $4,371 expenses = $2,134 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,237
Total Expenses
$4,371
Mortgage P&I
148%
$3,321
Property Taxes
11%
$248
Home Insurance
10%
$220
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0