This property looks like a bad Long-Term investment with a projected -18.63% first-year return on $135k initial cash invested.
-18.63%
Cash On Cash
2.83%
Cap Rate
0.44
DSCR
$2,943
Rent
-$2,090
Cashflow
Cash Flow
$2,943 income − $5,033 expenses = $2,090 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,412
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,943
Total Expenses
$5,033
Mortgage P&I
117%
$3,456
Property Taxes
20%
$592
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0