This property looks like a bad Long-Term investment with a projected -10.58% first-year return on $134k initial cash invested.
-10.58%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$4,080
Rent
-$1,183
Cashflow
Cash Flow
$4,080 income − $5,263 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,391
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,080
Total Expenses
$5,263
Mortgage P&I
84%
$3,407
Property Taxes
14%
$567
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0