This property looks like a bad Long-Term investment with a projected -23.97% first-year return on $131k initial cash invested.
-23.97%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$1,937
Rent
-$2,622
Cashflow
Cash Flow
$1,937 income − $4,559 expenses = $2,622 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,937
Total Expenses
$4,559
Mortgage P&I
178%
$3,453
Property Taxes
20%
$383
Home Insurance
11%
$219
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0