This property looks like a bad Long-Term investment with a projected -17.73% first-year return on $133k initial cash invested.
-17.73%
Cash On Cash
2.94%
Cap Rate
0.46
DSCR
$2,590
Rent
-$1,964
Cashflow
Cash Flow
$2,590 income − $4,554 expenses = $1,964 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,331
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,590
Total Expenses
$4,554
Mortgage P&I
131%
$3,386
Property Taxes
10%
$266
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0