This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $132k initial cash invested.
-19.22%
Cash On Cash
2.89%
Cap Rate
0.43
DSCR
$2,585
Rent
-$2,121
Cashflow
Cash Flow
$2,585 income − $4,706 expenses = $2,121 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,585
Total Expenses
$4,706
Mortgage P&I
136%
$3,508
Property Taxes
10%
$262
Home Insurance
9%
$228
HOA
1%
$37
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0