This property looks like a bad Long-Term investment with a projected -18.39% first-year return on $133k initial cash invested.
-18.39%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$2,523
Rent
-$2,040
Cashflow
Cash Flow
$2,523 income − $4,563 expenses = $2,040 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,523
Total Expenses
$4,563
Mortgage P&I
138%
$3,486
Property Taxes
7%
$186
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0