This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $136k initial cash invested.
-13.57%
Cash On Cash
3.77%
Cap Rate
0.6
DSCR
$3,234
Rent
-$1,537
Cashflow
Cash Flow
$3,234 income − $4,771 expenses = $1,537 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,474
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,234
Total Expenses
$4,771
Mortgage P&I
105%
$3,411
Property Taxes
9%
$277
Home Insurance
7%
$242
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0