This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $132k initial cash invested.
-14.66%
Cash On Cash
3.32%
Cap Rate
0.55
DSCR
$3,335
Rent
-$1,616
Cashflow
Cash Flow
$3,335 income − $4,951 expenses = $1,616 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,297
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,335
Total Expenses
$4,951
Mortgage P&I
96%
$3,193
Property Taxes
20%
$662
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0