This property looks like a bad Long-Term investment with a projected -12.65% first-year return on $134k initial cash invested.
-12.65%
Cash On Cash
3.81%
Cap Rate
0.62
DSCR
$3,770
Rent
-$1,418
Cashflow
Cash Flow
$3,770 income − $5,188 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,770
Total Expenses
$5,188
Mortgage P&I
87%
$3,263
Property Taxes
19%
$718
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0