This property looks like a bad Long-Term investment with a projected -15.14% first-year return on $134k initial cash invested.
-15.14%
Cash On Cash
3.8%
Cap Rate
0.57
DSCR
$3,169
Rent
-$1,696
Cashflow
Cash Flow
$3,169 income − $4,865 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,169
Total Expenses
$4,865
Mortgage P&I
113%
$3,565
Property Taxes
8%
$253
Home Insurance
7%
$224
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0