This property looks like a bad Long-Term investment with a projected -17.67% first-year return on $136k initial cash invested.
-17.67%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$3,265
Rent
-$2,000
Cashflow
Cash Flow
$3,265 income − $5,265 expenses = $2,000 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,468
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,265
Total Expenses
$5,265
Mortgage P&I
106%
$3,450
Property Taxes
22%
$705
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0