This property looks like a bad Long-Term investment with a projected -15.33% first-year return on $137k initial cash invested.
-15.33%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$3,674
Rent
-$1,747
Cashflow
Cash Flow
$3,674 income − $5,421 expenses = $1,747 out of pocket
Investment Breakdown
|
Purchase Price
$651k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,674
Total Expenses
$5,421
Mortgage P&I
96%
$3,529
Property Taxes
19%
$710
Home Insurance
6%
$227
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$184
Vacancy
6%
$220
Maintenance
5%
$184
Other
0%
$0