This property looks like a bad Long-Term investment with a projected -4.31% first-year return on $136k initial cash invested.
-4.31%
Cash On Cash
6.1%
Cap Rate
0.94
DSCR
$5,269
Rent
-$489
Cashflow
Cash Flow
$5,269 income − $5,758 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,269
Total Expenses
$5,758
Mortgage P&I
67%
$3,516
Property Taxes
12%
$642
Home Insurance
4%
$231
HOA
0%
$0
Property Management
10%
$527
CapEx
5%
$263
Vacancy
6%
$316
Maintenance
5%
$263
Other
0%
$0