This property looks like a bad Long-Term investment with a projected -12.37% first-year return on $136k initial cash invested.
-12.37%
Cash On Cash
4.32%
Cap Rate
0.66
DSCR
$3,898
Rent
-$1,405
Cashflow
Cash Flow
$3,898 income − $5,303 expenses = $1,405 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,898
Total Expenses
$5,303
Mortgage P&I
91%
$3,546
Property Taxes
13%
$516
Home Insurance
6%
$227
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0