This property looks like a bad Long-Term investment with a projected -17.37% first-year return on $131k initial cash invested.
-17.37%
Cash On Cash
3%
Cap Rate
0.47
DSCR
$3,441
Rent
-$1,892
Cashflow
Cash Flow
$3,441 income − $5,333 expenses = $1,892 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$124k
Closing costs
1%
$6,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,441
Total Expenses
$5,333
Mortgage P&I
95%
$3,274
Property Taxes
27%
$929
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0