This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $131k initial cash invested.
-18.01%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$2,814
Rent
-$1,970
Cashflow
Cash Flow
$2,814 income − $4,784 expenses = $1,970 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,814
Total Expenses
$4,784
Mortgage P&I
120%
$3,366
Property Taxes
17%
$467
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0