This property looks like a bad Long-Term investment with a projected -18.28% first-year return on $136k initial cash invested.
-18.28%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$3,022
Rent
-$2,076
Cashflow
Cash Flow
$3,022 income − $5,098 expenses = $2,076 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,022
Total Expenses
$5,098
Mortgage P&I
118%
$3,566
Property Taxes
14%
$437
Home Insurance
8%
$227
HOA
3%
$83
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0