This property looks like a bad Long-Term investment with a projected -16.41% first-year return on $133k initial cash invested.
-16.41%
Cash On Cash
2.89%
Cap Rate
0.47
DSCR
$2,267
Rent
-$1,823
Cashflow
Cash Flow
$2,267 income − $4,090 expenses = $1,823 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,267
Total Expenses
$4,090
Mortgage P&I
143%
$3,241
Property Taxes
2%
$38
Home Insurance
10%
$222
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0