This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $132k initial cash invested.
-14.14%
Cash On Cash
3.44%
Cap Rate
0.56
DSCR
$3,300
Rent
-$1,560
Cashflow
Cash Flow
$3,300 income − $4,860 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,300
Total Expenses
$4,860
Mortgage P&I
97%
$3,200
Property Taxes
17%
$574
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0