This property looks like a bad Long-Term investment with a projected -15.85% first-year return on $135k initial cash invested.
-15.85%
Cash On Cash
3.42%
Cap Rate
0.54
DSCR
$4,017
Rent
-$1,782
Cashflow
Cash Flow
$4,017 income − $5,799 expenses = $1,782 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,017
Total Expenses
$5,799
Mortgage P&I
85%
$3,410
Property Taxes
26%
$1,064
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0