This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $136k initial cash invested.
-14.18%
Cash On Cash
3.39%
Cap Rate
0.56
DSCR
$2,868
Rent
-$1,611
Cashflow
Cash Flow
$2,868 income − $4,479 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,868
Total Expenses
$4,479
Mortgage P&I
115%
$3,302
Property Taxes
7%
$205
Home Insurance
8%
$227
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0