This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $133k initial cash invested.
-14.9%
Cash On Cash
3.27%
Cap Rate
0.54
DSCR
$3,212
Rent
-$1,649
Cashflow
Cash Flow
$3,212 income − $4,861 expenses = $1,649 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,325
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,212
Total Expenses
$4,861
Mortgage P&I
100%
$3,212
Property Taxes
18%
$589
Home Insurance
7%
$224
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0