This property looks like a bad Long-Term investment with a projected -18.5% first-year return on $134k initial cash invested.
-18.5%
Cash On Cash
2.4%
Cap Rate
0.4
DSCR
$2,377
Rent
-$2,059
Cashflow
Cash Flow
$2,377 income − $4,436 expenses = $2,059 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,361
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,377
Total Expenses
$4,436
Mortgage P&I
135%
$3,212
Property Taxes
12%
$293
Home Insurance
10%
$245
HOA
3%
$67
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0