This property looks like a bad Long-Term investment with a projected -21.55% first-year return on $136k initial cash invested.
-21.55%
Cash On Cash
2.27%
Cap Rate
0.35
DSCR
$2,963
Rent
-$2,436
Cashflow
Cash Flow
$2,963 income − $5,399 expenses = $2,436 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,963
Total Expenses
$5,399
Mortgage P&I
118%
$3,510
Property Taxes
30%
$888
Home Insurance
8%
$231
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0