This property looks like a bad Long-Term investment with a projected -18.57% first-year return on $135k initial cash invested.
-18.57%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$3,227
Rent
-$2,092
Cashflow
Cash Flow
$3,227 income − $5,319 expenses = $2,092 out of pocket
Investment Breakdown
|
Purchase Price
$644k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,437
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,227
Total Expenses
$5,319
Mortgage P&I
107%
$3,457
Property Taxes
24%
$759
Home Insurance
7%
$210
HOA
2%
$54
Property Management
10%
$323
CapEx
5%
$161
Vacancy
6%
$194
Maintenance
5%
$161
Other
0%
$0