This property looks like a bad Long-Term investment with a projected -14.36% first-year return on $131k initial cash invested.
-14.36%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$3,828
Rent
-$1,571
Cashflow
Cash Flow
$3,828 income − $5,399 expenses = $1,571 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,828
Total Expenses
$5,399
Mortgage P&I
83%
$3,159
Property Taxes
27%
$1,026
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0