This property looks like a bad Long-Term investment with a projected -21.26% first-year return on $132k initial cash invested.
-21.26%
Cash On Cash
2.34%
Cap Rate
0.35
DSCR
$2,125
Rent
-$2,343
Cashflow
Cash Flow
$2,125 income − $4,468 expenses = $2,343 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,125
Total Expenses
$4,468
Mortgage P&I
163%
$3,465
Property Taxes
11%
$231
Home Insurance
10%
$220
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0