This property looks like a bad Long-Term investment with a projected -14.98% first-year return on $134k initial cash invested.
-14.98%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$3,619
Rent
-$1,675
Cashflow
Cash Flow
$3,619 income − $5,294 expenses = $1,675 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,619
Total Expenses
$5,294
Mortgage P&I
95%
$3,423
Property Taxes
20%
$706
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0