This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $135k initial cash invested.
-12.09%
Cash On Cash
4.12%
Cap Rate
0.65
DSCR
$3,694
Rent
-$1,360
Cashflow
Cash Flow
$3,694 income − $5,054 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,428
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,694
Total Expenses
$5,054
Mortgage P&I
92%
$3,382
Property Taxes
12%
$441
Home Insurance
6%
$228
HOA
1%
$42
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0