This property looks like a bad Long-Term investment with a projected -23.11% first-year return on $132k initial cash invested.
-23.11%
Cash On Cash
1.95%
Cap Rate
0.29
DSCR
$1,952
Rent
-$2,548
Cashflow
Cash Flow
$1,952 income − $4,500 expenses = $2,548 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,952
Total Expenses
$4,500
Mortgage P&I
178%
$3,474
Property Taxes
15%
$298
Home Insurance
11%
$220
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0