This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $136k initial cash invested.
-17.05%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$3,034
Rent
-$1,932
Cashflow
Cash Flow
$3,034 income − $4,966 expenses = $1,932 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,034
Total Expenses
$4,966
Mortgage P&I
114%
$3,471
Property Taxes
15%
$465
Home Insurance
8%
$241
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0