This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $136k initial cash invested.
-17.09%
Cash On Cash
2.75%
Cap Rate
0.46
DSCR
$3,393
Rent
-$1,931
Cashflow
Cash Flow
$3,393 income − $5,324 expenses = $1,931 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,393
Total Expenses
$5,324
Mortgage P&I
95%
$3,238
Property Taxes
29%
$975
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0