This property looks like a bad Long-Term investment with a projected -15.71% first-year return on $137k initial cash invested.
-15.71%
Cash On Cash
3%
Cap Rate
0.5
DSCR
$2,776
Rent
-$1,798
Cashflow
Cash Flow
$2,776 income − $4,574 expenses = $1,798 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,541
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,776
Total Expenses
$4,574
Mortgage P&I
119%
$3,292
Property Taxes
12%
$340
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0