This property looks like a bad Long-Term investment with a projected -14.17% first-year return on $132k initial cash invested.
-14.17%
Cash On Cash
3.71%
Cap Rate
0.58
DSCR
$3,074
Rent
-$1,562
Cashflow
Cash Flow
$3,074 income − $4,636 expenses = $1,562 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,074
Total Expenses
$4,636
Mortgage P&I
109%
$3,358
Property Taxes
8%
$259
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0