This property looks like a bad Long-Term investment with a projected -21.89% first-year return on $134k initial cash invested.
-21.89%
Cash On Cash
2.04%
Cap Rate
0.32
DSCR
$2,991
Rent
-$2,447
Cashflow
Cash Flow
$2,991 income − $5,438 expenses = $2,447 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%
$6,387
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,991
Total Expenses
$5,438
Mortgage P&I
113%
$3,385
Property Taxes
35%
$1,037
Home Insurance
8%
$238
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$179
Maintenance
5%
$150
Other
0%
$0