This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $133k initial cash invested.
-14.55%
Cash On Cash
3.33%
Cap Rate
0.55
DSCR
$3,207
Rent
-$1,612
Cashflow
Cash Flow
$3,207 income − $4,819 expenses = $1,612 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$127k
Closing costs
1%
$6,332
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,207
Total Expenses
$4,819
Mortgage P&I
100%
$3,210
Property Taxes
17%
$552
Home Insurance
7%
$224
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0