This property looks like a bad Long-Term investment with a projected -17.46% first-year return on $133k initial cash invested.
-17.46%
Cash On Cash
2.62%
Cap Rate
0.43
DSCR
$2,475
Rent
-$1,933
Cashflow
Cash Flow
$2,475 income − $4,408 expenses = $1,933 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%
$6,327
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,475
Total Expenses
$4,408
Mortgage P&I
129%
$3,188
Property Taxes
14%
$348
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0