This property looks like a bad Long-Term investment with a projected -22.75% first-year return on $133k initial cash invested.
-22.75%
Cash On Cash
1.6%
Cap Rate
0.26
DSCR
$2,236
Rent
-$2,525
Cashflow
Cash Flow
$2,236 income − $4,761 expenses = $2,525 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,343
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,236
Total Expenses
$4,761
Mortgage P&I
146%
$3,260
Property Taxes
27%
$604
Home Insurance
10%
$231
HOA
4%
$84
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0