This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $131k initial cash invested.
-18.41%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$3,004
Rent
-$2,014
Cashflow
Cash Flow
$3,004 income − $5,018 expenses = $2,014 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,004
Total Expenses
$5,018
Mortgage P&I
114%
$3,425
Property Taxes
20%
$594
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0