This property looks like a bad Long-Term investment with a projected -9.54% first-year return on $134k initial cash invested.
-9.54%
Cash On Cash
5.11%
Cap Rate
0.76
DSCR
$3,856
Rent
-$1,068
Cashflow
Cash Flow
$3,856 income − $4,924 expenses = $1,068 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,856
Total Expenses
$4,924
Mortgage P&I
93%
$3,598
Property Taxes
1%
$50
Home Insurance
6%
$224
HOA
1%
$49
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0