This property looks like a bad Long-Term investment with a projected -21.55% first-year return on $132k initial cash invested.
-21.55%
Cash On Cash
2.47%
Cap Rate
0.36
DSCR
$2,292
Rent
-$2,376
Cashflow
Cash Flow
$2,292 income − $4,668 expenses = $2,376 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,292
Total Expenses
$4,668
Mortgage P&I
155%
$3,555
Property Taxes
13%
$288
Home Insurance
10%
$220
HOA
0%
$8
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0