This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $134k initial cash invested.
-16.83%
Cash On Cash
3.21%
Cap Rate
0.5
DSCR
$3,046
Rent
-$1,885
Cashflow
Cash Flow
$3,046 income − $4,931 expenses = $1,885 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,046
Total Expenses
$4,931
Mortgage P&I
113%
$3,445
Property Taxes
15%
$470
Home Insurance
7%
$224
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0