This property looks like a bad Long-Term investment with a projected -15.19% first-year return on $131k initial cash invested.
-15.19%
Cash On Cash
3.64%
Cap Rate
0.56
DSCR
$3,318
Rent
-$1,652
Cashflow
Cash Flow
$3,318 income − $4,970 expenses = $1,652 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$124k
Closing costs
1%
$6,215
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,318
Total Expenses
$4,970
Mortgage P&I
102%
$3,371
Property Taxes
16%
$518
Home Insurance
7%
$218
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0