This property looks like a bad Long-Term investment with a projected -17.13% first-year return on $134k initial cash invested.
-17.13%
Cash On Cash
3.08%
Cap Rate
0.48
DSCR
$3,346
Rent
-$1,908
Cashflow
Cash Flow
$3,346 income − $5,254 expenses = $1,908 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,346
Total Expenses
$5,254
Mortgage P&I
101%
$3,377
Property Taxes
24%
$802
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0