This property looks like a bad Long-Term investment with a projected -20.68% first-year return on $131k initial cash invested.
-20.68%
Cash On Cash
1.95%
Cap Rate
0.32
DSCR
$2,204
Rent
-$2,262
Cashflow
Cash Flow
$2,204 income − $4,466 expenses = $2,262 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,204
Total Expenses
$4,466
Mortgage P&I
144%
$3,167
Property Taxes
23%
$508
Home Insurance
10%
$219
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0