This property looks like a bad Long-Term investment with a projected -15.61% first-year return on $132k initial cash invested.
-15.61%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$3,355
Rent
-$1,719
Cashflow
Cash Flow
$3,355 income − $5,074 expenses = $1,719 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,292
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,355
Total Expenses
$5,074
Mortgage P&I
100%
$3,363
Property Taxes
18%
$611
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0