This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $134k initial cash invested.
-14.9%
Cash On Cash
3.77%
Cap Rate
0.58
DSCR
$3,739
Rent
-$1,670
Cashflow
Cash Flow
$3,739 income − $5,409 expenses = $1,670 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,739
Total Expenses
$5,409
Mortgage P&I
94%
$3,496
Property Taxes
19%
$717
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0