This property looks like a bad Long-Term investment with a projected -16.27% first-year return on $137k initial cash invested.
-16.27%
Cash On Cash
3.32%
Cap Rate
0.52
DSCR
$3,316
Rent
-$1,855
Cashflow
Cash Flow
$3,316 income − $5,171 expenses = $1,855 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,515
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,316
Total Expenses
$5,171
Mortgage P&I
105%
$3,489
Property Taxes
18%
$585
Home Insurance
6%
$210
HOA
1%
$24
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0