This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $136k initial cash invested.
-15.09%
Cash On Cash
3.78%
Cap Rate
0.57
DSCR
$3,451
Rent
-$1,714
Cashflow
Cash Flow
$3,451 income − $5,165 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,489
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,451
Total Expenses
$5,165
Mortgage P&I
104%
$3,585
Property Taxes
13%
$454
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0