This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $131k initial cash invested.
-15.44%
Cash On Cash
3.08%
Cap Rate
0.51
DSCR
$3,219
Rent
-$1,689
Cashflow
Cash Flow
$3,219 income − $4,908 expenses = $1,689 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,219
Total Expenses
$4,908
Mortgage P&I
97%
$3,131
Property Taxes
22%
$721
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0