This property looks like a bad Long-Term investment with a projected -12.22% first-year return on $132k initial cash invested.
-12.22%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$3,557
Rent
-$1,339
Cashflow
Cash Flow
$3,557 income − $4,896 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$125k
Closing costs
1%
$6,262
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,557
Total Expenses
$4,896
Mortgage P&I
90%
$3,218
Property Taxes
15%
$533
Home Insurance
6%
$220
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0