This property looks like a bad Long-Term investment with a projected -18.16% first-year return on $135k initial cash invested.
-18.16%
Cash On Cash
3.07%
Cap Rate
0.46
DSCR
$2,743
Rent
-$2,048
Cashflow
Cash Flow
$2,743 income − $4,791 expenses = $2,048 out of pocket
Investment Breakdown
|
Purchase Price
$644k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,743
Total Expenses
$4,791
Mortgage P&I
130%
$3,561
Property Taxes
10%
$281
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0