This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $131k initial cash invested.
-16.6%
Cash On Cash
2.86%
Cap Rate
0.47
DSCR
$2,310
Rent
-$1,816
Cashflow
Cash Flow
$2,310 income − $4,126 expenses = $1,816 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$4,126
Mortgage P&I
138%
$3,189
Property Taxes
5%
$116
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0