This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $134k initial cash invested.
-16.8%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$3,204
Rent
-$1,879
Cashflow
Cash Flow
$3,204 income − $5,083 expenses = $1,879 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,204
Total Expenses
$5,083
Mortgage P&I
108%
$3,463
Property Taxes
18%
$564
Home Insurance
7%
$224
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0