This property looks like a bad Long-Term investment with a projected -21.77% first-year return on $131k initial cash invested.
-21.77%
Cash On Cash
1.89%
Cap Rate
0.3
DSCR
$1,826
Rent
-$2,381
Cashflow
Cash Flow
$1,826 income − $4,207 expenses = $2,381 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,826
Total Expenses
$4,207
Mortgage P&I
179%
$3,275
Property Taxes
13%
$238
Home Insurance
12%
$219
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0