This property looks like a bad Long-Term investment with a projected -13.08% first-year return on $136k initial cash invested.
-13.08%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$3,876
Rent
-$1,482
Cashflow
Cash Flow
$3,876 income − $5,358 expenses = $1,482 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%
$6,474
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,876
Total Expenses
$5,358
Mortgage P&I
92%
$3,568
Property Taxes
14%
$553
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0