This property looks like a bad Long-Term investment with a projected -18.63% first-year return on $135k initial cash invested.
-18.63%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$2,948
Rent
-$2,090
Cashflow
Cash Flow
$2,948 income − $5,038 expenses = $2,090 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,411
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,948
Total Expenses
$5,038
Mortgage P&I
117%
$3,452
Property Taxes
21%
$610
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0