This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $136k initial cash invested.
-14.06%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$3,261
Rent
-$1,591
Cashflow
Cash Flow
$3,261 income − $4,852 expenses = $1,591 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,468
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,261
Total Expenses
$4,852
Mortgage P&I
106%
$3,468
Property Taxes
8%
$260
Home Insurance
8%
$276
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0