This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $131k initial cash invested.
-16.19%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$3,313
Rent
-$1,769
Cashflow
Cash Flow
$3,313 income − $5,082 expenses = $1,769 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,243
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,313
Total Expenses
$5,082
Mortgage P&I
104%
$3,431
Property Taxes
17%
$579
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0