This property looks like a bad Long-Term investment with a projected -23.99% first-year return on $134k initial cash invested.
-23.99%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$2,471
Rent
-$2,687
Cashflow
Cash Flow
$2,471 income − $5,158 expenses = $2,687 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,471
Total Expenses
$5,158
Mortgage P&I
137%
$3,397
Property Taxes
33%
$815
Home Insurance
12%
$303
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0