This property looks like a bad Long-Term investment with a projected -19.68% first-year return on $136k initial cash invested.
-19.68%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$3,041
Rent
-$2,236
Cashflow
Cash Flow
$3,041 income − $5,277 expenses = $2,236 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,494
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,041
Total Expenses
$5,277
Mortgage P&I
117%
$3,544
Property Taxes
23%
$700
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0