This property looks like a bad Long-Term investment with a projected -18.17% first-year return on $131k initial cash invested.
-18.17%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$3,037
Rent
-$1,977
Cashflow
Cash Flow
$3,037 income − $5,014 expenses = $1,977 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$124k
Closing costs
1%
$6,218
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,037
Total Expenses
$5,014
Mortgage P&I
111%
$3,370
Property Taxes
21%
$634
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0