This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $131k initial cash invested.
-16.54%
Cash On Cash
2.87%
Cap Rate
0.47
DSCR
$2,714
Rent
-$1,809
Cashflow
Cash Flow
$2,714 income − $4,523 expenses = $1,809 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,714
Total Expenses
$4,523
Mortgage P&I
117%
$3,170
Property Taxes
16%
$428
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0