This property looks like a bad Long-Term investment with a projected -17.76% first-year return on $136k initial cash invested.
-17.76%
Cash On Cash
3.03%
Cap Rate
0.47
DSCR
$2,862
Rent
-$2,008
Cashflow
Cash Flow
$2,862 income − $4,870 expenses = $2,008 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,862
Total Expenses
$4,870
Mortgage P&I
122%
$3,496
Property Taxes
14%
$401
Home Insurance
8%
$229
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0