This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $133k initial cash invested.
-16.6%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$2,680
Rent
-$1,846
Cashflow
Cash Flow
$2,680 income − $4,526 expenses = $1,846 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,353
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$4,526
Mortgage P&I
128%
$3,434
Property Taxes
7%
$194
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0