This property looks like a bad Long-Term investment with a projected -23.97% first-year return on $132k initial cash invested.
-23.97%
Cash On Cash
1.76%
Cap Rate
0.27
DSCR
$2,046
Rent
-$2,631
Cashflow
Cash Flow
$2,046 income − $4,677 expenses = $2,631 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$125k
Closing costs
1%
$6,273
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,046
Total Expenses
$4,677
Mortgage P&I
169%
$3,450
Property Taxes
22%
$451
Home Insurance
11%
$227
HOA
1%
$17
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0