This property looks like a bad Long-Term investment with a projected -16.55% first-year return on $136k initial cash invested.
-16.55%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$3,628
Rent
-$1,874
Cashflow
Cash Flow
$3,628 income − $5,502 expenses = $1,874 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$129k
Closing costs
1%
$6,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,628
Total Expenses
$5,502
Mortgage P&I
97%
$3,512
Property Taxes
23%
$819
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0