This property looks like a bad Long-Term investment with a projected -16.22% first-year return on $131k initial cash invested.
-16.22%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$3,406
Rent
-$1,766
Cashflow
Cash Flow
$3,406 income − $5,172 expenses = $1,766 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$124k
Closing costs
1%
$6,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,406
Total Expenses
$5,172
Mortgage P&I
100%
$3,422
Property Taxes
19%
$646
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0