This property looks like a bad Long-Term investment with a projected -21.89% first-year return on $136k initial cash invested.
-21.89%
Cash On Cash
1.73%
Cap Rate
0.28
DSCR
$1,737
Rent
-$2,486
Cashflow
Cash Flow
$1,737 income − $4,223 expenses = $2,486 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,737
Total Expenses
$4,223
Mortgage P&I
192%
$3,333
Property Taxes
12%
$211
Home Insurance
13%
$227
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0