This property looks like a bad Long-Term investment with a projected -15.87% first-year return on $131k initial cash invested.
-15.87%
Cash On Cash
3.11%
Cap Rate
0.5
DSCR
$2,825
Rent
-$1,735
Cashflow
Cash Flow
$2,825 income − $4,560 expenses = $1,735 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,825
Total Expenses
$4,560
Mortgage P&I
114%
$3,211
Property Taxes
14%
$396
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0