This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $135k initial cash invested.
-15.17%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$3,364
Rent
-$1,706
Cashflow
Cash Flow
$3,364 income − $5,070 expenses = $1,706 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,426
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,364
Total Expenses
$5,070
Mortgage P&I
103%
$3,479
Property Taxes
15%
$517
Home Insurance
6%
$200
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0