This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $134k initial cash invested.
-18.04%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$2,780
Rent
-$2,008
Cashflow
Cash Flow
$2,780 income − $4,788 expenses = $2,008 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,362
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,780
Total Expenses
$4,788
Mortgage P&I
124%
$3,443
Property Taxes
14%
$394
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0