This property looks like a bad Long-Term investment with a projected -21.15% first-year return on $131k initial cash invested.
-21.15%
Cash On Cash
2.38%
Cap Rate
0.36
DSCR
$2,104
Rent
-$2,313
Cashflow
Cash Flow
$2,104 income − $4,417 expenses = $2,313 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,104
Total Expenses
$4,417
Mortgage P&I
164%
$3,450
Property Taxes
10%
$202
Home Insurance
10%
$219
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0