This property looks like a bad Long-Term investment with a projected -19.52% first-year return on $135k initial cash invested.
-19.52%
Cash On Cash
2.66%
Cap Rate
0.41
DSCR
$2,931
Rent
-$2,197
Cashflow
Cash Flow
$2,931 income − $5,128 expenses = $2,197 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,931
Total Expenses
$5,128
Mortgage P&I
119%
$3,474
Property Taxes
21%
$622
Home Insurance
9%
$269
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0