This property looks like a bad Long-Term investment with a projected -13% first-year return on $133k initial cash invested.
-13%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$4,023
Rent
-$1,444
Cashflow
Cash Flow
$4,023 income − $5,467 expenses = $1,444 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,347
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,023
Total Expenses
$5,467
Mortgage P&I
86%
$3,441
Property Taxes
19%
$771
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0