This property looks like a bad Long-Term investment with a projected -17.26% first-year return on $136k initial cash invested.
-17.26%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,841
Rent
-$1,953
Cashflow
Cash Flow
$2,841 income − $4,794 expenses = $1,953 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%
$6,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,841
Total Expenses
$4,794
Mortgage P&I
124%
$3,535
Property Taxes
10%
$287
Home Insurance
8%
$234
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0