This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $135k initial cash invested.
-16.83%
Cash On Cash
3.3%
Cap Rate
0.51
DSCR
$3,389
Rent
-$1,889
Cashflow
Cash Flow
$3,389 income − $5,278 expenses = $1,889 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,412
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,389
Total Expenses
$5,278
Mortgage P&I
103%
$3,481
Property Taxes
20%
$689
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0