This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $131k initial cash invested.
-12.79%
Cash On Cash
3.73%
Cap Rate
0.61
DSCR
$3,593
Rent
-$1,396
Cashflow
Cash Flow
$3,593 income − $4,989 expenses = $1,396 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,593
Total Expenses
$4,989
Mortgage P&I
88%
$3,153
Property Taxes
19%
$679
Home Insurance
6%
$222
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0