This property looks like a bad Long-Term investment with a projected -23.62% first-year return on $134k initial cash invested.
-23.62%
Cash On Cash
1.89%
Cap Rate
0.29
DSCR
$2,958
Rent
-$2,645
Cashflow
Cash Flow
$2,958 income − $5,603 expenses = $2,645 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,958
Total Expenses
$5,603
Mortgage P&I
118%
$3,504
Property Taxes
37%
$1,106
Home Insurance
8%
$224
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0