This property looks like a bad Long-Term investment with a projected -17.15% first-year return on $136k initial cash invested.
-17.15%
Cash On Cash
2.73%
Cap Rate
0.45
DSCR
$2,666
Rent
-$1,946
Cashflow
Cash Flow
$2,666 income − $4,612 expenses = $1,946 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,666
Total Expenses
$4,612
Mortgage P&I
123%
$3,289
Property Taxes
13%
$348
Home Insurance
11%
$282
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0