This property looks like a bad Long-Term investment with a projected -18.53% first-year return on $136k initial cash invested.
-18.53%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$3,088
Rent
-$2,099
Cashflow
Cash Flow
$3,088 income − $5,187 expenses = $2,099 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,473
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,088
Total Expenses
$5,187
Mortgage P&I
114%
$3,526
Property Taxes
20%
$632
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0