This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $136k initial cash invested.
-15.18%
Cash On Cash
3.48%
Cap Rate
0.55
DSCR
$3,629
Rent
-$1,724
Cashflow
Cash Flow
$3,629 income − $5,353 expenses = $1,724 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,629
Total Expenses
$5,353
Mortgage P&I
94%
$3,427
Property Taxes
21%
$756
Home Insurance
6%
$227
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0