This property looks like a bad Long-Term investment with a projected -16.38% first-year return on $135k initial cash invested.
-16.38%
Cash On Cash
2.96%
Cap Rate
0.49
DSCR
$3,528
Rent
-$1,849
Cashflow
Cash Flow
$3,528 income − $5,377 expenses = $1,849 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,528
Total Expenses
$5,377
Mortgage P&I
93%
$3,264
Property Taxes
27%
$949
Home Insurance
6%
$226
HOA
1%
$21
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0