This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $134k initial cash invested.
-18.36%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$2,997
Rent
-$2,044
Cashflow
Cash Flow
$2,997 income − $5,041 expenses = $2,044 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,360
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,997
Total Expenses
$5,041
Mortgage P&I
115%
$3,453
Property Taxes
19%
$580
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0