This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $136k initial cash invested.
-12.72%
Cash On Cash
3.74%
Cap Rate
0.62
DSCR
$3,535
Rent
-$1,439
Cashflow
Cash Flow
$3,535 income − $4,974 expenses = $1,439 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,535
Total Expenses
$4,974
Mortgage P&I
93%
$3,280
Property Taxes
15%
$526
Home Insurance
7%
$248
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0