This property looks like a bad Long-Term investment with a projected -20.55% first-year return on $133k initial cash invested.
-20.55%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$2,853
Rent
-$2,284
Cashflow
Cash Flow
$2,853 income − $5,137 expenses = $2,284 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,853
Total Expenses
$5,137
Mortgage P&I
122%
$3,487
Property Taxes
24%
$686
Home Insurance
8%
$222
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0