This property looks like a bad Long-Term investment with a projected -22.24% first-year return on $133k initial cash invested.
-22.24%
Cash On Cash
2.21%
Cap Rate
0.33
DSCR
$2,331
Rent
-$2,468
Cashflow
Cash Flow
$2,331 income − $4,799 expenses = $2,468 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,342
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,331
Total Expenses
$4,799
Mortgage P&I
151%
$3,518
Property Taxes
21%
$499
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0