This property looks like a bad Long-Term investment with a projected -26.44% first-year return on $134k initial cash invested.
-26.44%
Cash On Cash
0.66%
Cap Rate
0.11
DSCR
$1,267
Rent
-$2,957
Cashflow
Cash Flow
$1,267 income − $4,224 expenses = $2,957 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,267
Total Expenses
$4,224
Mortgage P&I
256%
$3,247
Property Taxes
33%
$424
Home Insurance
18%
$224
HOA
0%
$0
Property Management
10%
$127
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0