This property looks like a bad Long-Term investment with a projected -21.91% first-year return on $134k initial cash invested.
-21.91%
Cash On Cash
2.11%
Cap Rate
0.32
DSCR
$2,115
Rent
-$2,454
Cashflow
Cash Flow
$2,115 income − $4,569 expenses = $2,454 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,115
Total Expenses
$4,569
Mortgage P&I
164%
$3,474
Property Taxes
15%
$320
Home Insurance
11%
$224
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0