This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $135k initial cash invested.
-15.78%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$3,482
Rent
-$1,772
Cashflow
Cash Flow
$3,482 income − $5,254 expenses = $1,772 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,418
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,482
Total Expenses
$5,254
Mortgage P&I
100%
$3,496
Property Taxes
18%
$629
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0