This property looks like a bad Long-Term investment with a projected -23.11% first-year return on $135k initial cash invested.
-23.11%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$2,652
Rent
-$2,592
Cashflow
Cash Flow
$2,652 income − $5,244 expenses = $2,592 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,408
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,652
Total Expenses
$5,244
Mortgage P&I
123%
$3,249
Property Taxes
43%
$1,137
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0