This property looks like a bad Long-Term investment with a projected -19.86% first-year return on $131k initial cash invested.
-19.86%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$2,647
Rent
-$2,173
Cashflow
Cash Flow
$2,647 income − $4,820 expenses = $2,173 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,252
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,647
Total Expenses
$4,820
Mortgage P&I
122%
$3,220
Property Taxes
27%
$703
Home Insurance
8%
$209
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0