This property looks like a bad Long-Term investment with a projected -17.14% first-year return on $132k initial cash invested.
-17.14%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$3,407
Rent
-$1,881
Cashflow
Cash Flow
$3,407 income − $5,288 expenses = $1,881 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$125k
Closing costs
1%
$6,272
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,407
Total Expenses
$5,288
Mortgage P&I
100%
$3,412
Property Taxes
22%
$754
Home Insurance
7%
$227
HOA
0%
$10
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0