This property looks like a bad Long-Term investment with a projected -17.55% first-year return on $137k initial cash invested.
-17.55%
Cash On Cash
3.11%
Cap Rate
0.48
DSCR
$3,210
Rent
-$2,008
Cashflow
Cash Flow
$3,210 income − $5,218 expenses = $2,008 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,539
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$5,218
Mortgage P&I
110%
$3,544
Property Taxes
19%
$612
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0