This property looks like a bad Long-Term investment with a projected -16.64% first-year return on $135k initial cash invested.
-16.64%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$3,809
Rent
-$1,874
Cashflow
Cash Flow
$3,809 income − $5,683 expenses = $1,874 out of pocket
Investment Breakdown
|
Purchase Price
$644k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,437
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,809
Total Expenses
$5,683
Mortgage P&I
93%
$3,528
Property Taxes
25%
$945
Home Insurance
6%
$220
HOA
0%
$0
Property Management
10%
$381
CapEx
5%
$190
Vacancy
6%
$229
Maintenance
5%
$190
Other
0%
$0