This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $135k initial cash invested.
-14.05%
Cash On Cash
3.52%
Cap Rate
0.57
DSCR
$3,265
Rent
-$1,580
Cashflow
Cash Flow
$3,265 income − $4,845 expenses = $1,580 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$128k
Closing costs
1%
$6,424
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,265
Total Expenses
$4,845
Mortgage P&I
101%
$3,304
Property Taxes
14%
$465
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0