This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $136k initial cash invested.
-14.18%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$3,284
Rent
-$1,610
Cashflow
Cash Flow
$3,284 income − $4,894 expenses = $1,610 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,284
Total Expenses
$4,894
Mortgage P&I
100%
$3,294
Property Taxes
16%
$520
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0