This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $137k initial cash invested.
-15.22%
Cash On Cash
3.49%
Cap Rate
0.55
DSCR
$3,423
Rent
-$1,741
Cashflow
Cash Flow
$3,423 income − $5,164 expenses = $1,741 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,537
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,423
Total Expenses
$5,164
Mortgage P&I
101%
$3,471
Property Taxes
17%
$589
Home Insurance
6%
$215
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0