This property looks like a bad Long-Term investment with a projected -18.93% first-year return on $135k initial cash invested.
-18.93%
Cash On Cash
2.5%
Cap Rate
0.4
DSCR
$2,258
Rent
-$2,124
Cashflow
Cash Flow
$2,258 income − $4,382 expenses = $2,124 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,411
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,258
Total Expenses
$4,382
Mortgage P&I
148%
$3,348
Property Taxes
9%
$214
Home Insurance
10%
$233
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0