This property looks like a bad Long-Term investment with a projected -19.23% first-year return on $131k initial cash invested.
-19.23%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$2,644
Rent
-$2,105
Cashflow
Cash Flow
$2,644 income − $4,749 expenses = $2,105 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,254
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$4,749
Mortgage P&I
127%
$3,347
Property Taxes
18%
$470
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0