This property looks like a bad Long-Term investment with a projected -9.63% first-year return on $131k initial cash invested.
-9.63%
Cash On Cash
4.56%
Cap Rate
0.73
DSCR
$3,651
Rent
-$1,050
Cashflow
Cash Flow
$3,651 income − $4,701 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,230
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,651
Total Expenses
$4,701
Mortgage P&I
89%
$3,236
Property Taxes
8%
$289
Home Insurance
6%
$226
HOA
0%
$0
Property Management
10%
$365
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0