This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $131k initial cash invested.
-12.74%
Cash On Cash
3.82%
Cap Rate
0.62
DSCR
$3,407
Rent
-$1,388
Cashflow
Cash Flow
$3,407 income − $4,795 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,407
Total Expenses
$4,795
Mortgage P&I
94%
$3,202
Property Taxes
14%
$481
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0