This property looks like a bad Long-Term investment with a projected -20.26% first-year return on $134k initial cash invested.
-20.26%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$2,865
Rent
-$2,268
Cashflow
Cash Flow
$2,865 income − $5,133 expenses = $2,268 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%
$6,396
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,865
Total Expenses
$5,133
Mortgage P&I
122%
$3,491
Property Taxes
23%
$670
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0