This property looks like a bad Long-Term investment with a projected -26.61% first-year return on $136k initial cash invested.
-26.61%
Cash On Cash
1.32%
Cap Rate
0.2
DSCR
$1,494
Rent
-$3,022
Cashflow
Cash Flow
$1,494 income − $4,516 expenses = $3,022 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,494
Total Expenses
$4,516
Mortgage P&I
245%
$3,662
Property Taxes
16%
$238
Home Insurance
15%
$227
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0