This property looks like a bad Long-Term investment with a projected -21.97% first-year return on $133k initial cash invested.
-21.97%
Cash On Cash
1.92%
Cap Rate
0.3
DSCR
$1,956
Rent
-$2,441
Cashflow
Cash Flow
$1,956 income − $4,397 expenses = $2,441 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,956
Total Expenses
$4,397
Mortgage P&I
172%
$3,360
Property Taxes
15%
$299
Home Insurance
12%
$229
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0