This property looks like a bad Long-Term investment with a projected -16.61% first-year return on $134k initial cash invested.
-16.61%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$2,931
Rent
-$1,855
Cashflow
Cash Flow
$2,931 income − $4,786 expenses = $1,855 out of pocket
Investment Breakdown
|
Purchase Price
$638k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,931
Total Expenses
$4,786
Mortgage P&I
117%
$3,436
Property Taxes
12%
$347
Home Insurance
8%
$240
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0