This property looks like a bad Long-Term investment with a projected -18.78% first-year return on $131k initial cash invested.
-18.78%
Cash On Cash
2.7%
Cap Rate
0.43
DSCR
$3,129
Rent
-$2,053
Cashflow
Cash Flow
$3,129 income − $5,182 expenses = $2,053 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,248
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,129
Total Expenses
$5,182
Mortgage P&I
106%
$3,303
Property Taxes
27%
$858
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0