This property looks like a bad Long-Term investment with a projected -24.38% first-year return on $135k initial cash invested.
-24.38%
Cash On Cash
1.52%
Cap Rate
0.23
DSCR
$1,893
Rent
-$2,752
Cashflow
Cash Flow
$1,893 income − $4,645 expenses = $2,752 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,893
Total Expenses
$4,645
Mortgage P&I
183%
$3,472
Property Taxes
24%
$454
Home Insurance
12%
$226
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0