This property looks like a bad Long-Term investment with a projected -20.82% first-year return on $136k initial cash invested.
-20.82%
Cash On Cash
2.35%
Cap Rate
0.36
DSCR
$2,809
Rent
-$2,355
Cashflow
Cash Flow
$2,809 income − $5,164 expenses = $2,355 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,809
Total Expenses
$5,164
Mortgage P&I
124%
$3,480
Property Taxes
19%
$544
Home Insurance
9%
$262
HOA
5%
$148
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0