This property looks like a bad Long-Term investment with a projected -17.97% first-year return on $136k initial cash invested.
-17.97%
Cash On Cash
2.9%
Cap Rate
0.46
DSCR
$3,432
Rent
-$2,041
Cashflow
Cash Flow
$3,432 income − $5,473 expenses = $2,041 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%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,432
Total Expenses
$5,473
Mortgage P&I
100%
$3,439
Property Taxes
27%
$913
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0