This property looks like a bad Long-Term investment with a projected -17.69% first-year return on $134k initial cash invested.
-17.69%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$2,727
Rent
-$1,981
Cashflow
Cash Flow
$2,727 income − $4,708 expenses = $1,981 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,727
Total Expenses
$4,708
Mortgage P&I
130%
$3,536
Property Taxes
9%
$239
Home Insurance
8%
$224
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0