This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $132k initial cash invested.
-12.44%
Cash On Cash
3.83%
Cap Rate
0.63
DSCR
$3,593
Rent
-$1,372
Cashflow
Cash Flow
$3,593 income − $4,965 expenses = $1,372 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%
$6,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,593
Total Expenses
$4,965
Mortgage P&I
89%
$3,204
Property Taxes
17%
$606
Home Insurance
6%
$220
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0