This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $133k initial cash invested.
-18.35%
Cash On Cash
3.16%
Cap Rate
0.47
DSCR
$3,460
Rent
-$2,041
Cashflow
Cash Flow
$3,460 income − $5,501 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,355
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,460
Total Expenses
$5,501
Mortgage P&I
102%
$3,544
Property Taxes
24%
$830
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0