This property looks like a bad Long-Term investment with a projected -16.53% first-year return on $132k initial cash invested.
-16.53%
Cash On Cash
3.59%
Cap Rate
0.53
DSCR
$3,192
Rent
-$1,820
Cashflow
Cash Flow
$3,192 income − $5,012 expenses = $1,820 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,192
Total Expenses
$5,012
Mortgage P&I
111%
$3,540
Property Taxes
13%
$421
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0