This property looks like a bad Long-Term investment with a projected -15.53% first-year return on $136k initial cash invested.
-15.53%
Cash On Cash
3.44%
Cap Rate
0.54
DSCR
$3,178
Rent
-$1,763
Cashflow
Cash Flow
$3,178 income − $4,941 expenses = $1,763 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,489
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,178
Total Expenses
$4,941
Mortgage P&I
109%
$3,462
Property Taxes
13%
$421
Home Insurance
7%
$231
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0