This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $134k initial cash invested.
-15.92%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$2,859
Rent
-$1,775
Cashflow
Cash Flow
$2,859 income − $4,634 expenses = $1,775 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,859
Total Expenses
$4,634
Mortgage P&I
120%
$3,434
Property Taxes
8%
$233
Home Insurance
8%
$223
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0