This property looks like a bad Long-Term investment with a projected -14.73% first-year return on $131k initial cash invested.
-14.73%
Cash On Cash
3.65%
Cap Rate
0.57
DSCR
$3,470
Rent
-$1,611
Cashflow
Cash Flow
$3,470 income − $5,081 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,248
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,470
Total Expenses
$5,081
Mortgage P&I
96%
$3,340
Property Taxes
18%
$618
Home Insurance
6%
$220
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0