This property looks like a bad Long-Term investment with a projected -17.85% first-year return on $132k initial cash invested.
-17.85%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$2,726
Rent
-$1,968
Cashflow
Cash Flow
$2,726 income − $4,694 expenses = $1,968 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,726
Total Expenses
$4,694
Mortgage P&I
128%
$3,492
Property Taxes
10%
$273
Home Insurance
8%
$220
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0