This property looks like a bad Long-Term investment with a projected -21.86% first-year return on $134k initial cash invested.
-21.86%
Cash On Cash
2.22%
Cap Rate
0.34
DSCR
$2,529
Rent
-$2,449
Cashflow
Cash Flow
$2,529 income − $4,978 expenses = $2,449 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%
$6,401
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,529
Total Expenses
$4,978
Mortgage P&I
139%
$3,508
Property Taxes
23%
$582
Home Insurance
9%
$231
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0