This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $132k initial cash invested.
-16.06%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$3,148
Rent
-$1,762
Cashflow
Cash Flow
$3,148 income − $4,910 expenses = $1,762 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$125k
Closing costs
1%
$6,271
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,148
Total Expenses
$4,910
Mortgage P&I
110%
$3,465
Property Taxes
13%
$408
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0