This property looks like a bad Long-Term investment with a projected -23.44% first-year return on $133k initial cash invested.
-23.44%
Cash On Cash
1.87%
Cap Rate
0.29
DSCR
$2,650
Rent
-$2,593
Cashflow
Cash Flow
$2,650 income − $5,243 expenses = $2,593 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$126k
Closing costs
1%
$6,322
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$5,243
Mortgage P&I
130%
$3,446
Property Taxes
33%
$878
Home Insurance
9%
$231
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0