This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $131k initial cash invested.
-16.09%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$3,066
Rent
-$1,756
Cashflow
Cash Flow
$3,066 income − $4,822 expenses = $1,756 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,235
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,066
Total Expenses
$4,822
Mortgage P&I
106%
$3,239
Property Taxes
18%
$567
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0