This property looks like a bad Long-Term investment with a projected -20.18% first-year return on $131k initial cash invested.
-20.18%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$2,189
Rent
-$2,207
Cashflow
Cash Flow
$2,189 income − $4,396 expenses = $2,207 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$4,396
Mortgage P&I
155%
$3,393
Property Taxes
10%
$216
Home Insurance
10%
$219
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0