This property looks like a bad Long-Term investment with a projected -12.96% first-year return on $131k initial cash invested.
-12.96%
Cash On Cash
3.92%
Cap Rate
0.62
DSCR
$3,625
Rent
-$1,412
Cashflow
Cash Flow
$3,625 income − $5,037 expenses = $1,412 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,625
Total Expenses
$5,037
Mortgage P&I
90%
$3,263
Property Taxes
17%
$604
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0