This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $136k initial cash invested.
-14.08%
Cash On Cash
3.71%
Cap Rate
0.59
DSCR
$3,492
Rent
-$1,594
Cashflow
Cash Flow
$3,492 income − $5,086 expenses = $1,594 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%
$6,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,492
Total Expenses
$5,086
Mortgage P&I
98%
$3,420
Property Taxes
15%
$514
Home Insurance
7%
$234
HOA
0%
$9
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0