This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $132k initial cash invested.
-19.45%
Cash On Cash
2.19%
Cap Rate
0.36
DSCR
$2,426
Rent
-$2,144
Cashflow
Cash Flow
$2,426 income − $4,570 expenses = $2,144 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,426
Total Expenses
$4,570
Mortgage P&I
131%
$3,173
Property Taxes
23%
$546
Home Insurance
9%
$220
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0