This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $132k initial cash invested.
-18.04%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$2,279
Rent
-$1,989
Cashflow
Cash Flow
$2,279 income − $4,268 expenses = $1,989 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,279
Total Expenses
$4,268
Mortgage P&I
150%
$3,429
Property Taxes
1%
$26
Home Insurance
10%
$220
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0