This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $137k initial cash invested.
-14.05%
Cash On Cash
3.73%
Cap Rate
0.59
DSCR
$3,545
Rent
-$1,603
Cashflow
Cash Flow
$3,545 income − $5,148 expenses = $1,603 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,545
Total Expenses
$5,148
Mortgage P&I
97%
$3,451
Property Taxes
15%
$548
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0