This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $134k initial cash invested.
-13.78%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$3,590
Rent
-$1,542
Cashflow
Cash Flow
$3,590 income − $5,132 expenses = $1,542 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,590
Total Expenses
$5,132
Mortgage P&I
95%
$3,421
Property Taxes
15%
$549
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$215
Maintenance
5%
$180
Other
0%
$0