This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $132k initial cash invested.
-17.71%
Cash On Cash
2.89%
Cap Rate
0.45
DSCR
$2,450
Rent
-$1,952
Cashflow
Cash Flow
$2,450 income − $4,402 expenses = $1,952 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,450
Total Expenses
$4,402
Mortgage P&I
137%
$3,348
Property Taxes
8%
$198
Home Insurance
9%
$220
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0