This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $136k initial cash invested.
-17.95%
Cash On Cash
2.99%
Cap Rate
0.46
DSCR
$3,094
Rent
-$2,030
Cashflow
Cash Flow
$3,094 income − $5,124 expenses = $2,030 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%
$6,464
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,094
Total Expenses
$5,124
Mortgage P&I
113%
$3,483
Property Taxes
19%
$602
Home Insurance
8%
$234
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0