This property looks like a bad Long-Term investment with a projected -22.45% first-year return on $135k initial cash invested.
-22.45%
Cash On Cash
2.08%
Cap Rate
0.32
DSCR
$2,750
Rent
-$2,528
Cashflow
Cash Flow
$2,750 income − $5,278 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$644k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,436
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,750
Total Expenses
$5,278
Mortgage P&I
127%
$3,504
Property Taxes
22%
$602
Home Insurance
9%
$234
HOA
8%
$222
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0