This property looks like a bad Long-Term investment with a projected -15.89% first-year return on $131k initial cash invested.
-15.89%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$2,888
Rent
-$1,740
Cashflow
Cash Flow
$2,888 income − $4,628 expenses = $1,740 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,258
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,888
Total Expenses
$4,628
Mortgage P&I
110%
$3,177
Property Taxes
17%
$492
Home Insurance
7%
$209
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0