This property looks like a bad Long-Term investment with a projected -6.49% first-year return on $135k initial cash invested.
-6.49%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$4,289
Rent
-$733
Cashflow
Cash Flow
$4,289 income − $5,022 expenses = $733 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,289
Total Expenses
$5,022
Mortgage P&I
81%
$3,489
Property Taxes
5%
$193
Home Insurance
5%
$226
HOA
0%
$0
Property Management
10%
$429
CapEx
5%
$214
Vacancy
6%
$257
Maintenance
5%
$214
Other
0%
$0