This property looks like a bad Long-Term investment with a projected -13.79% first-year return on $131k initial cash invested.
-13.79%
Cash On Cash
3.58%
Cap Rate
0.58
DSCR
$3,593
Rent
-$1,508
Cashflow
Cash Flow
$3,593 income − $5,101 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,593
Total Expenses
$5,101
Mortgage P&I
89%
$3,192
Property Taxes
21%
$743
Home Insurance
6%
$219
HOA
0%
$12
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0