This property looks like a bad Long-Term investment with a projected -23.64% first-year return on $131k initial cash invested.
-23.64%
Cash On Cash
1.52%
Cap Rate
0.24
DSCR
$1,851
Rent
-$2,576
Cashflow
Cash Flow
$1,851 income − $4,427 expenses = $2,576 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,851
Total Expenses
$4,427
Mortgage P&I
177%
$3,273
Property Taxes
24%
$444
Home Insurance
12%
$228
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0