This property looks like a bad Long-Term investment with a projected -11.48% first-year return on $135k initial cash invested.
-11.48%
Cash On Cash
4.76%
Cap Rate
0.71
DSCR
$4,583
Rent
-$1,296
Cashflow
Cash Flow
$4,583 income − $5,879 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,583
Total Expenses
$5,879
Mortgage P&I
79%
$3,626
Property Taxes
18%
$834
Home Insurance
5%
$228
HOA
0%
$0
Property Management
10%
$458
CapEx
5%
$229
Vacancy
6%
$275
Maintenance
5%
$229
Other
0%
$0