This property looks like a bad Long-Term investment with a projected -18.48% first-year return on $132k initial cash invested.
-18.48%
Cash On Cash
2.81%
Cap Rate
0.44
DSCR
$2,990
Rent
-$2,025
Cashflow
Cash Flow
$2,990 income − $5,015 expenses = $2,025 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$125k
Closing costs
1%
$6,262
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,990
Total Expenses
$5,015
Mortgage P&I
112%
$3,339
Property Taxes
22%
$653
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$179
Maintenance
5%
$150
Other
0%
$0