This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $138k initial cash invested.
-16.74%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$3,681
Rent
-$1,919
Cashflow
Cash Flow
$3,681 income − $5,600 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,681
Total Expenses
$5,600
Mortgage P&I
95%
$3,492
Property Taxes
25%
$922
Home Insurance
6%
$229
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0