This property looks like a bad Long-Term investment with a projected -18.24% first-year return on $132k initial cash invested.
-18.24%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$2,339
Rent
-$2,004
Cashflow
Cash Flow
$2,339 income − $4,343 expenses = $2,004 out of pocket
Investment Breakdown
|
Purchase Price
$628k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,339
Total Expenses
$4,343
Mortgage P&I
144%
$3,364
Property Taxes
5%
$117
Home Insurance
10%
$224
HOA
1%
$30
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0