This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $135k initial cash invested.
-16.06%
Cash On Cash
3.31%
Cap Rate
0.52
DSCR
$3,431
Rent
-$1,813
Cashflow
Cash Flow
$3,431 income − $5,244 expenses = $1,813 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$129k
Closing costs
1%
$6,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,431
Total Expenses
$5,244
Mortgage P&I
100%
$3,422
Property Taxes
20%
$670
Home Insurance
7%
$234
HOA
1%
$25
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0