This property looks like a bad Long-Term investment with a projected -18% first-year return on $135k initial cash invested.
-18%
Cash On Cash
3%
Cap Rate
0.47
DSCR
$3,892
Rent
-$2,025
Cashflow
Cash Flow
$3,892 income − $5,917 expenses = $2,025 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,428
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,892
Total Expenses
$5,917
Mortgage P&I
88%
$3,439
Property Taxes
32%
$1,246
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$389
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0