This property looks like a bad Long-Term investment with a projected -20.88% first-year return on $136k initial cash invested.
-20.88%
Cash On Cash
2.04%
Cap Rate
0.33
DSCR
$2,535
Rent
-$2,366
Cashflow
Cash Flow
$2,535 income − $4,901 expenses = $2,366 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,535
Total Expenses
$4,901
Mortgage P&I
132%
$3,338
Property Taxes
24%
$609
Home Insurance
12%
$294
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0