This property looks like a bad Long-Term investment with a projected -6.82% first-year return on $136k initial cash invested.
-6.82%
Cash On Cash
5.27%
Cap Rate
0.83
DSCR
$4,199
Rent
-$775
Cashflow
Cash Flow
$4,199 income − $4,974 expenses = $775 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,199
Total Expenses
$4,974
Mortgage P&I
81%
$3,415
Property Taxes
5%
$220
Home Insurance
5%
$227
HOA
0%
$20
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0