This property looks like a bad Long-Term investment with a projected -9.96% first-year return on $136k initial cash invested.
-9.96%
Cash On Cash
4.64%
Cap Rate
0.73
DSCR
$4,013
Rent
-$1,131
Cashflow
Cash Flow
$4,013 income − $5,144 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,013
Total Expenses
$5,144
Mortgage P&I
86%
$3,439
Property Taxes
11%
$434
Home Insurance
6%
$227
HOA
0%
$0
Property Management
10%
$401
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0