This property looks like a bad Long-Term investment with a projected -19.97% first-year return on $135k initial cash invested.
-19.97%
Cash On Cash
2.26%
Cap Rate
0.36
DSCR
$1,995
Rent
-$2,241
Cashflow
Cash Flow
$1,995 income − $4,236 expenses = $2,241 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,412
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,995
Total Expenses
$4,236
Mortgage P&I
168%
$3,348
Property Taxes
7%
$132
Home Insurance
12%
$236
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0