This property looks like a bad Long-Term investment with a projected -19.2% first-year return on $137k initial cash invested.
-19.2%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$3,587
Rent
-$2,199
Cashflow
Cash Flow
$3,587 income − $5,786 expenses = $2,199 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,587
Total Expenses
$5,786
Mortgage P&I
101%
$3,619
Property Taxes
28%
$1,007
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0