This property looks like a bad Long-Term investment with a projected -13.55% first-year return on $133k initial cash invested.
-13.55%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$3,577
Rent
-$1,498
Cashflow
Cash Flow
$3,577 income − $5,075 expenses = $1,498 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$126k
Closing costs
1%
$6,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,577
Total Expenses
$5,075
Mortgage P&I
94%
$3,368
Property Taxes
16%
$556
Home Insurance
6%
$220
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0