This property looks like a bad Long-Term investment with a projected -19.66% first-year return on $135k initial cash invested.
-19.66%
Cash On Cash
2.51%
Cap Rate
0.39
DSCR
$2,544
Rent
-$2,209
Cashflow
Cash Flow
$2,544 income − $4,753 expenses = $2,209 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,420
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,544
Total Expenses
$4,753
Mortgage P&I
135%
$3,426
Property Taxes
17%
$441
Home Insurance
9%
$225
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0