This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $134k initial cash invested.
-18.15%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$3,255
Rent
-$2,027
Cashflow
Cash Flow
$3,255 income − $5,282 expenses = $2,027 out of pocket
Investment Breakdown
|
Purchase Price
$638k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,255
Total Expenses
$5,282
Mortgage P&I
108%
$3,512
Property Taxes
20%
$643
Home Insurance
9%
$280
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0