This property looks like a bad Long-Term investment with a projected -18.75% first-year return on $132k initial cash invested.
-18.75%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$3,055
Rent
-$2,064
Cashflow
Cash Flow
$3,055 income − $5,119 expenses = $2,064 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,055
Total Expenses
$5,119
Mortgage P&I
111%
$3,398
Property Taxes
18%
$561
Home Insurance
7%
$220
HOA
5%
$145
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0