This property looks like a bad Long-Term investment with a projected -18.8% first-year return on $136k initial cash invested.
-18.8%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$2,518
Rent
-$2,125
Cashflow
Cash Flow
$2,518 income − $4,643 expenses = $2,125 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,458
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,518
Total Expenses
$4,643
Mortgage P&I
138%
$3,486
Property Taxes
15%
$380
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0