This property looks like a bad Long-Term investment with a projected -6.98% first-year return on $134k initial cash invested.
-6.98%
Cash On Cash
5.03%
Cap Rate
0.83
DSCR
$4,335
Rent
-$782
Cashflow
Cash Flow
$4,335 income − $5,117 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,335
Total Expenses
$5,117
Mortgage P&I
75%
$3,250
Property Taxes
12%
$512
Home Insurance
5%
$227
HOA
0%
$0
Property Management
10%
$434
CapEx
5%
$217
Vacancy
6%
$260
Maintenance
5%
$217
Other
0%
$0