This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $134k initial cash invested.
-13.35%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$3,502
Rent
-$1,495
Cashflow
Cash Flow
$3,502 income − $4,997 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,502
Total Expenses
$4,997
Mortgage P&I
94%
$3,290
Property Taxes
16%
$548
Home Insurance
6%
$224
HOA
1%
$25
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0