This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $137k initial cash invested.
-18.08%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$3,210
Rent
-$2,065
Cashflow
Cash Flow
$3,210 income − $5,275 expenses = $2,065 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,526
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$5,275
Mortgage P&I
111%
$3,561
Property Taxes
16%
$525
Home Insurance
7%
$238
HOA
4%
$117
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0