This property looks like a bad Long-Term investment with a projected -14.73% first-year return on $131k initial cash invested.
-14.73%
Cash On Cash
3.53%
Cap Rate
0.56
DSCR
$3,561
Rent
-$1,603
Cashflow
Cash Flow
$3,561 income − $5,164 expenses = $1,603 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$124k
Closing costs
1%
$6,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,561
Total Expenses
$5,164
Mortgage P&I
91%
$3,257
Property Taxes
21%
$762
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0