This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $132k initial cash invested.
-19.5%
Cash On Cash
2.79%
Cap Rate
0.43
DSCR
$3,793
Rent
-$2,147
Cashflow
Cash Flow
$3,793 income − $5,940 expenses = $2,147 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,793
Total Expenses
$5,940
Mortgage P&I
90%
$3,419
Property Taxes
35%
$1,317
Home Insurance
6%
$217
HOA
0%
$0
Property Management
10%
$379
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0