This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $132k initial cash invested.
-15.63%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$2,909
Rent
-$1,719
Cashflow
Cash Flow
$2,909 income − $4,628 expenses = $1,719 out of pocket
Investment Breakdown
|
Purchase Price
$628k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,909
Total Expenses
$4,628
Mortgage P&I
116%
$3,388
Property Taxes
7%
$192
Home Insurance
8%
$227
HOA
2%
$65
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$175
Maintenance
5%
$145
Other
0%
$0