This property looks like a bad Long-Term investment with a projected -18.91% first-year return on $134k initial cash invested.
-18.91%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$3,427
Rent
-$2,118
Cashflow
Cash Flow
$3,427 income − $5,545 expenses = $2,118 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,427
Total Expenses
$5,545
Mortgage P&I
101%
$3,446
Property Taxes
18%
$624
Home Insurance
7%
$224
HOA
11%
$360
Property Management
10%
$343
CapEx
5%
$171
Vacancy
6%
$206
Maintenance
5%
$171
Other
0%
$0