This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $136k initial cash invested.
-15.95%
Cash On Cash
2.95%
Cap Rate
0.49
DSCR
$2,732
Rent
-$1,802
Cashflow
Cash Flow
$2,732 income − $4,534 expenses = $1,802 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,732
Total Expenses
$4,534
Mortgage P&I
119%
$3,250
Property Taxes
13%
$342
Home Insurance
8%
$231
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0