This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $132k initial cash invested.
-17.25%
Cash On Cash
3.11%
Cap Rate
0.48
DSCR
$2,790
Rent
-$1,894
Cashflow
Cash Flow
$2,790 income − $4,684 expenses = $1,894 out of pocket
Investment Breakdown
|
Purchase Price
$628k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,790
Total Expenses
$4,684
Mortgage P&I
121%
$3,378
Property Taxes
13%
$352
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$167
Maintenance
5%
$140
Other
0%
$0