This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $136k initial cash invested.
-20.19%
Cash On Cash
2.07%
Cap Rate
0.34
DSCR
$2,875
Rent
-$2,283
Cashflow
Cash Flow
$2,875 income − $5,158 expenses = $2,283 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,875
Total Expenses
$5,158
Mortgage P&I
113%
$3,253
Property Taxes
33%
$938
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0