This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $133k initial cash invested.
-14.2%
Cash On Cash
4%
Cap Rate
0.6
DSCR
$3,638
Rent
-$1,577
Cashflow
Cash Flow
$3,638 income − $5,215 expenses = $1,577 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%
$6,344
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,638
Total Expenses
$5,215
Mortgage P&I
96%
$3,508
Property Taxes
15%
$537
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0