This property looks like a bad Long-Term investment with a projected -19.09% first-year return on $136k initial cash invested.
-19.09%
Cash On Cash
2.87%
Cap Rate
0.43
DSCR
$3,037
Rent
-$2,162
Cashflow
Cash Flow
$3,037 income − $5,199 expenses = $2,162 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,471
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,037
Total Expenses
$5,199
Mortgage P&I
117%
$3,555
Property Taxes
21%
$627
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0