This property looks like a bad Long-Term investment with a projected -19.49% first-year return on $136k initial cash invested.
-19.49%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$2,919
Rent
-$2,210
Cashflow
Cash Flow
$2,919 income − $5,129 expenses = $2,210 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,478
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,919
Total Expenses
$5,129
Mortgage P&I
121%
$3,535
Property Taxes
21%
$599
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0