This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $135k initial cash invested.
-16.36%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$3,345
Rent
-$1,839
Cashflow
Cash Flow
$3,345 income − $5,184 expenses = $1,839 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,424
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,345
Total Expenses
$5,184
Mortgage P&I
102%
$3,426
Property Taxes
20%
$679
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0