This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $136k initial cash invested.
-14.48%
Cash On Cash
3.54%
Cap Rate
0.57
DSCR
$3,528
Rent
-$1,640
Cashflow
Cash Flow
$3,528 income − $5,168 expenses = $1,640 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,473
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,528
Total Expenses
$5,168
Mortgage P&I
96%
$3,375
Property Taxes
19%
$657
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0