This property looks like a bad Long-Term investment with a projected -14.47% first-year return on $134k initial cash invested.
-14.47%
Cash On Cash
3.39%
Cap Rate
0.55
DSCR
$3,359
Rent
-$1,615
Cashflow
Cash Flow
$3,359 income − $4,974 expenses = $1,615 out of pocket
Investment Breakdown
|
Purchase Price
$638k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,359
Total Expenses
$4,974
Mortgage P&I
97%
$3,249
Property Taxes
19%
$625
Home Insurance
7%
$226
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0