This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $135k initial cash invested.
-13.84%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$3,700
Rent
-$1,561
Cashflow
Cash Flow
$3,700 income − $5,261 expenses = $1,561 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,446
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,700
Total Expenses
$5,261
Mortgage P&I
95%
$3,529
Property Taxes
15%
$543
Home Insurance
6%
$227
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0