This property looks like a bad Long-Term investment with a projected -17% first-year return on $133k initial cash invested.
-17%
Cash On Cash
2.76%
Cap Rate
0.45
DSCR
$2,453
Rent
-$1,877
Cashflow
Cash Flow
$2,453 income − $4,330 expenses = $1,877 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$126k
Closing costs
1%
$6,311
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,453
Total Expenses
$4,330
Mortgage P&I
131%
$3,204
Property Taxes
10%
$255
Home Insurance
9%
$228
HOA
0%
$5
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0