This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $135k initial cash invested.
-14.25%
Cash On Cash
3.4%
Cap Rate
0.56
DSCR
$2,952
Rent
-$1,608
Cashflow
Cash Flow
$2,952 income − $4,560 expenses = $1,608 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,952
Total Expenses
$4,560
Mortgage P&I
111%
$3,285
Property Taxes
3%
$81
Home Insurance
8%
$226
HOA
7%
$200
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0