This property looks like a bad Long-Term investment with a projected -23.95% first-year return on $133k initial cash invested.
-23.95%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$2,244
Rent
-$2,648
Cashflow
Cash Flow
$2,244 income − $4,892 expenses = $2,648 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$126k
Closing costs
1%
$6,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,244
Total Expenses
$4,892
Mortgage P&I
156%
$3,501
Property Taxes
23%
$519
Home Insurance
10%
$231
HOA
3%
$58
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0