This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $136k initial cash invested.
-16.13%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$3,452
Rent
-$1,825
Cashflow
Cash Flow
$3,452 income − $5,277 expenses = $1,825 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,452
Total Expenses
$5,277
Mortgage P&I
101%
$3,486
Property Taxes
17%
$570
Home Insurance
7%
$228
HOA
3%
$95
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0