This property looks like a bad Long-Term investment with a projected -18.84% first-year return on $135k initial cash invested.
-18.84%
Cash On Cash
2.65%
Cap Rate
0.42
DSCR
$3,080
Rent
-$2,117
Cashflow
Cash Flow
$3,080 income − $5,197 expenses = $2,117 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,080
Total Expenses
$5,197
Mortgage P&I
110%
$3,379
Property Taxes
25%
$784
Home Insurance
8%
$233
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0