This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $137k initial cash invested.
-16.16%
Cash On Cash
2.95%
Cap Rate
0.48
DSCR
$2,626
Rent
-$1,845
Cashflow
Cash Flow
$2,626 income − $4,471 expenses = $1,845 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,526
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,626
Total Expenses
$4,471
Mortgage P&I
126%
$3,320
Property Taxes
9%
$228
Home Insurance
9%
$240
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0