This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $133k initial cash invested.
-16.46%
Cash On Cash
2.82%
Cap Rate
0.47
DSCR
$3,128
Rent
-$1,829
Cashflow
Cash Flow
$3,128 income − $4,957 expenses = $1,829 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,351
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,128
Total Expenses
$4,957
Mortgage P&I
101%
$3,165
Property Taxes
24%
$751
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0