This property looks like a bad Long-Term investment with a projected -20.18% first-year return on $132k initial cash invested.
-20.18%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$2,718
Rent
-$2,224
Cashflow
Cash Flow
$2,718 income − $4,942 expenses = $2,224 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,718
Total Expenses
$4,942
Mortgage P&I
126%
$3,427
Property Taxes
22%
$588
Home Insurance
8%
$220
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0