This property looks like a bad Long-Term investment with a projected -13.51% first-year return on $133k initial cash invested.
-13.51%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$3,463
Rent
-$1,492
Cashflow
Cash Flow
$3,463 income − $4,955 expenses = $1,492 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$126k
Closing costs
1%
$6,310
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,463
Total Expenses
$4,955
Mortgage P&I
99%
$3,413
Property Taxes
12%
$414
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0