This property looks like a bad Long-Term investment with a projected -18.3% first-year return on $131k initial cash invested.
-18.3%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$2,962
Rent
-$1,991
Cashflow
Cash Flow
$2,962 income − $4,953 expenses = $1,991 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,962
Total Expenses
$4,953
Mortgage P&I
115%
$3,403
Property Taxes
19%
$557
Home Insurance
8%
$223
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0