This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $132k initial cash invested.
-13.52%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$3,969
Rent
-$1,491
Cashflow
Cash Flow
$3,969 income − $5,460 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,304
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,969
Total Expenses
$5,460
Mortgage P&I
86%
$3,428
Property Taxes
21%
$837
Home Insurance
4%
$164
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0