This property looks like a bad Long-Term investment with a projected -16.57% first-year return on $133k initial cash invested.
-16.57%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$3,144
Rent
-$1,839
Cashflow
Cash Flow
$3,144 income − $4,983 expenses = $1,839 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,341
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,144
Total Expenses
$4,983
Mortgage P&I
113%
$3,547
Property Taxes
12%
$388
Home Insurance
7%
$231
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0