This property looks like a bad Long-Term investment with a projected -16.37% first-year return on $131k initial cash invested.
-16.37%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$3,259
Rent
-$1,791
Cashflow
Cash Flow
$3,259 income − $5,050 expenses = $1,791 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,259
Total Expenses
$5,050
Mortgage P&I
102%
$3,334
Property Taxes
10%
$326
Home Insurance
7%
$219
HOA
10%
$323
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0