This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $135k initial cash invested.
-16.73%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$3,563
Rent
-$1,882
Cashflow
Cash Flow
$3,563 income − $5,445 expenses = $1,882 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,563
Total Expenses
$5,445
Mortgage P&I
98%
$3,490
Property Taxes
23%
$804
Home Insurance
6%
$225
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0