This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $137k initial cash invested.
-11.57%
Cash On Cash
4.24%
Cap Rate
0.67
DSCR
$4,090
Rent
-$1,319
Cashflow
Cash Flow
$4,090 income − $5,409 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$651k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,514
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,090
Total Expenses
$5,409
Mortgage P&I
84%
$3,417
Property Taxes
17%
$691
Home Insurance
6%
$231
HOA
0%
$8
Property Management
10%
$409
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0