This property looks like a bad Long-Term investment with a projected -15.26% first-year return on $136k initial cash invested.
-15.26%
Cash On Cash
3.31%
Cap Rate
0.53
DSCR
$2,970
Rent
-$1,732
Cashflow
Cash Flow
$2,970 income − $4,702 expenses = $1,732 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,970
Total Expenses
$4,702
Mortgage P&I
114%
$3,375
Property Taxes
11%
$327
Home Insurance
8%
$229
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0