This property looks like a bad Long-Term investment with a projected -23.26% first-year return on $133k initial cash invested.
-23.26%
Cash On Cash
1.79%
Cap Rate
0.28
DSCR
$2,038
Rent
-$2,575
Cashflow
Cash Flow
$2,038 income − $4,613 expenses = $2,575 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,326
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,038
Total Expenses
$4,613
Mortgage P&I
168%
$3,418
Property Taxes
21%
$437
Home Insurance
11%
$228
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0