This property looks like a bad Long-Term investment with a projected -17.24% first-year return on $131k initial cash invested.
-17.24%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$3,125
Rent
-$1,877
Cashflow
Cash Flow
$3,125 income − $5,002 expenses = $1,877 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$124k
Closing costs
1%
$6,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,125
Total Expenses
$5,002
Mortgage P&I
108%
$3,389
Property Taxes
19%
$584
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0