This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $131k initial cash invested.
-10.63%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$4,065
Rent
-$1,158
Cashflow
Cash Flow
$4,065 income − $5,223 expenses = $1,158 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,226
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,065
Total Expenses
$5,223
Mortgage P&I
82%
$3,320
Property Taxes
15%
$623
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0