This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $136k initial cash invested.
-18.01%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$6,216
Rent
-$2,045
Cashflow
Cash Flow
$6,216 income − $8,261 expenses = $2,045 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.2%
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
$6,216
Total Expenses
$8,261
Mortgage P&I
56%
$3,506
Property Taxes
10%
$633
Home Insurance
4%
$227
HOA
37%
$2,278
Property Management
10%
$622
CapEx
5%
$311
Vacancy
6%
$373
Maintenance
5%
$311
Other
0%
$0