This property looks like a bad Long-Term investment with a projected -18.12% first-year return on $134k initial cash invested.
-18.12%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$2,678
Rent
-$2,024
Cashflow
Cash Flow
$2,678 income − $4,702 expenses = $2,024 out of pocket
Investment Breakdown
|
Purchase Price
$638k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,384
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,678
Total Expenses
$4,702
Mortgage P&I
130%
$3,489
Property Taxes
11%
$292
Home Insurance
8%
$224
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0