This property looks like a bad Long-Term investment with a projected -17.44% first-year return on $135k initial cash invested.
-17.44%
Cash On Cash
2.92%
Cap Rate
0.46
DSCR
$3,232
Rent
-$1,968
Cashflow
Cash Flow
$3,232 income − $5,200 expenses = $1,968 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,232
Total Expenses
$5,200
Mortgage P&I
104%
$3,373
Property Taxes
24%
$760
Home Insurance
7%
$226
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0