This property looks like a bad Long-Term investment with a projected -21.5% first-year return on $135k initial cash invested.
-21.5%
Cash On Cash
2.13%
Cap Rate
0.33
DSCR
$2,007
Rent
-$2,427
Cashflow
Cash Flow
$2,007 income − $4,434 expenses = $2,427 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,007
Total Expenses
$4,434
Mortgage P&I
173%
$3,474
Property Taxes
11%
$213
Home Insurance
11%
$226
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0