This property looks like a bad Long-Term investment with a projected -24.26% first-year return on $134k initial cash invested.
-24.26%
Cash On Cash
1.79%
Cap Rate
0.27
DSCR
$2,207
Rent
-$2,711
Cashflow
Cash Flow
$2,207 income − $4,918 expenses = $2,711 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,207
Total Expenses
$4,918
Mortgage P&I
161%
$3,552
Property Taxes
26%
$565
Home Insurance
10%
$228
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0