This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $131k initial cash invested.
-15.58%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$2,830
Rent
-$1,696
Cashflow
Cash Flow
$2,830 income − $4,526 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$124k
Closing costs
1%
$6,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,830
Total Expenses
$4,526
Mortgage P&I
110%
$3,121
Property Taxes
16%
$445
Home Insurance
8%
$223
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0