This property looks like a bad Long-Term investment with a projected -18.91% first-year return on $134k initial cash invested.
-18.91%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$3,089
Rent
-$2,117
Cashflow
Cash Flow
$3,089 income − $5,206 expenses = $2,117 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$128k
Closing costs
1%
$6,398
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,089
Total Expenses
$5,206
Mortgage P&I
112%
$3,458
Property Taxes
23%
$720
Home Insurance
7%
$226
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0