This property looks like a bad Long-Term investment with a projected -8.95% first-year return on $136k initial cash invested.
-8.95%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$4,889
Rent
-$1,016
Cashflow
Cash Flow
$4,889 income − $5,905 expenses = $1,016 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,889
Total Expenses
$5,905
Mortgage P&I
70%
$3,420
Property Taxes
20%
$988
Home Insurance
5%
$227
HOA
0%
$0
Property Management
10%
$489
CapEx
5%
$244
Vacancy
6%
$293
Maintenance
5%
$244
Other
0%
$0