This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $135k initial cash invested.
-17.71%
Cash On Cash
2.64%
Cap Rate
0.43
DSCR
$2,683
Rent
-$1,992
Cashflow
Cash Flow
$2,683 income − $4,675 expenses = $1,992 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,683
Total Expenses
$4,675
Mortgage P&I
122%
$3,271
Property Taxes
17%
$446
Home Insurance
9%
$228
HOA
1%
$33
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0