This property looks like a bad Long-Term investment with a projected -18.84% first-year return on $134k initial cash invested.
-18.84%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$2,297
Rent
-$2,100
Cashflow
Cash Flow
$2,297 income − $4,397 expenses = $2,100 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,297
Total Expenses
$4,397
Mortgage P&I
141%
$3,247
Property Taxes
12%
$287
Home Insurance
10%
$223
HOA
2%
$42
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0