This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $132k initial cash invested.
-12.98%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$4,189
Rent
-$1,429
Cashflow
Cash Flow
$4,189 income − $5,618 expenses = $1,429 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,189
Total Expenses
$5,618
Mortgage P&I
82%
$3,454
Property Taxes
20%
$829
Home Insurance
5%
$220
HOA
1%
$27
Property Management
10%
$419
CapEx
5%
$209
Vacancy
6%
$251
Maintenance
5%
$209
Other
0%
$0