This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $132k initial cash invested.
-15.95%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$3,207
Rent
-$1,750
Cashflow
Cash Flow
$3,207 income − $4,957 expenses = $1,750 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$125k
Closing costs
1%
$6,271
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,207
Total Expenses
$4,957
Mortgage P&I
105%
$3,358
Property Taxes
17%
$547
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0