This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $134k initial cash invested.
-14.62%
Cash On Cash
3.57%
Cap Rate
0.57
DSCR
$3,481
Rent
-$1,629
Cashflow
Cash Flow
$3,481 income − $5,110 expenses = $1,629 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,481
Total Expenses
$5,110
Mortgage P&I
96%
$3,348
Property Taxes
19%
$647
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0