This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $134k initial cash invested.
-14.83%
Cash On Cash
3.44%
Cap Rate
0.55
DSCR
$2,907
Rent
-$1,656
Cashflow
Cash Flow
$2,907 income − $4,563 expenses = $1,656 out of pocket
Investment Breakdown
|
Purchase Price
$638k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,382
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,907
Total Expenses
$4,563
Mortgage P&I
115%
$3,342
Property Taxes
8%
$238
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0