This property looks like a bad Long-Term investment with a projected -14.69% first-year return on $136k initial cash invested.
-14.69%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$3,084
Rent
-$1,668
Cashflow
Cash Flow
$3,084 income − $4,752 expenses = $1,668 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,084
Total Expenses
$4,752
Mortgage P&I
117%
$3,604
Property Taxes
4%
$120
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0