This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $133k initial cash invested.
-16.51%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$2,842
Rent
-$1,833
Cashflow
Cash Flow
$2,842 income − $4,675 expenses = $1,833 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,345
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,842
Total Expenses
$4,675
Mortgage P&I
118%
$3,348
Property Taxes
13%
$358
Home Insurance
8%
$230
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0