This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $131k initial cash invested.
-18.56%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$3,401
Rent
-$2,022
Cashflow
Cash Flow
$3,401 income − $5,423 expenses = $2,022 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,401
Total Expenses
$5,423
Mortgage P&I
100%
$3,399
Property Taxes
28%
$939
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0