This property looks like a bad Long-Term investment with a projected -18.81% first-year return on $134k initial cash invested.
-18.81%
Cash On Cash
2.85%
Cap Rate
0.43
DSCR
$2,478
Rent
-$2,095
Cashflow
Cash Flow
$2,478 income − $4,573 expenses = $2,095 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,363
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$4,573
Mortgage P&I
140%
$3,480
Property Taxes
9%
$220
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0