This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $137k initial cash invested.
-16.46%
Cash On Cash
3.26%
Cap Rate
0.51
DSCR
$3,284
Rent
-$1,880
Cashflow
Cash Flow
$3,284 income − $5,164 expenses = $1,880 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,527
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,284
Total Expenses
$5,164
Mortgage P&I
106%
$3,491
Property Taxes
18%
$593
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0