This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $136k initial cash invested.
-14.86%
Cash On Cash
3.44%
Cap Rate
0.55
DSCR
$2,951
Rent
-$1,688
Cashflow
Cash Flow
$2,951 income − $4,639 expenses = $1,688 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,951
Total Expenses
$4,639
Mortgage P&I
115%
$3,401
Property Taxes
8%
$243
Home Insurance
8%
$227
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0