This property looks like a bad Long-Term investment with a projected -18.1% first-year return on $136k initial cash invested.
-18.1%
Cash On Cash
3.12%
Cap Rate
0.47
DSCR
$3,523
Rent
-$2,048
Cashflow
Cash Flow
$3,523 income − $5,571 expenses = $2,048 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%
$6,466
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,523
Total Expenses
$5,571
Mortgage P&I
101%
$3,552
Property Taxes
25%
$876
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0