This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $132k initial cash invested.
-15.5%
Cash On Cash
3.34%
Cap Rate
0.53
DSCR
$3,189
Rent
-$1,706
Cashflow
Cash Flow
$3,189 income − $4,895 expenses = $1,706 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,189
Total Expenses
$4,895
Mortgage P&I
103%
$3,300
Property Taxes
17%
$547
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0