This property looks like a bad Long-Term investment with a projected -19.1% first-year return on $135k initial cash invested.
-19.1%
Cash On Cash
2.85%
Cap Rate
0.44
DSCR
$3,352
Rent
-$2,155
Cashflow
Cash Flow
$3,352 income − $5,507 expenses = $2,155 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,446
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,352
Total Expenses
$5,507
Mortgage P&I
105%
$3,519
Property Taxes
27%
$889
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0