This property looks like a bad Long-Term investment with a projected -19.17% first-year return on $135k initial cash invested.
-19.17%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$2,941
Rent
-$2,156
Cashflow
Cash Flow
$2,941 income − $5,097 expenses = $2,156 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,941
Total Expenses
$5,097
Mortgage P&I
118%
$3,462
Property Taxes
21%
$621
Home Insurance
8%
$225
HOA
1%
$25
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0