This property looks like a bad Long-Term investment with a projected -19.84% first-year return on $133k initial cash invested.
-19.84%
Cash On Cash
2.09%
Cap Rate
0.35
DSCR
$2,479
Rent
-$2,203
Cashflow
Cash Flow
$2,479 income − $4,682 expenses = $2,203 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,345
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,479
Total Expenses
$4,682
Mortgage P&I
128%
$3,182
Property Taxes
25%
$627
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0