This property looks like a bad Long-Term investment with a projected -18.89% first-year return on $136k initial cash invested.
-18.89%
Cash On Cash
2.91%
Cap Rate
0.44
DSCR
$3,100
Rent
-$2,139
Cashflow
Cash Flow
$3,100 income − $5,239 expenses = $2,139 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,469
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,100
Total Expenses
$5,239
Mortgage P&I
115%
$3,555
Property Taxes
21%
$651
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0