This property looks like a bad Long-Term investment with a projected -9.85% first-year return on $136k initial cash invested.
-9.85%
Cash On Cash
4.31%
Cap Rate
0.71
DSCR
$3,692
Rent
-$1,114
Cashflow
Cash Flow
$3,692 income − $4,806 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,461
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,692
Total Expenses
$4,806
Mortgage P&I
88%
$3,248
Property Taxes
9%
$319
Home Insurance
8%
$278
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0