This property looks like a bad Long-Term investment with a projected -21.76% first-year return on $131k initial cash invested.
-21.76%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$3,335
Rent
-$2,382
Cashflow
Cash Flow
$3,335 income − $5,717 expenses = $2,382 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,254
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,335
Total Expenses
$5,717
Mortgage P&I
101%
$3,380
Property Taxes
37%
$1,222
Home Insurance
7%
$247
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0