This property looks like a bad Long-Term investment with a projected -21.44% first-year return on $131k initial cash invested.
-21.44%
Cash On Cash
2.54%
Cap Rate
0.37
DSCR
$2,370
Rent
-$2,345
Cashflow
Cash Flow
$2,370 income − $4,715 expenses = $2,345 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,370
Total Expenses
$4,715
Mortgage P&I
150%
$3,552
Property Taxes
14%
$329
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0