This property looks like a bad Long-Term investment with a projected -22.63% first-year return on $137k initial cash invested.
-22.63%
Cash On Cash
1.57%
Cap Rate
0.26
DSCR
$2,273
Rent
-$2,580
Cashflow
Cash Flow
$2,273 income − $4,853 expenses = $2,580 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,516
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,273
Total Expenses
$4,853
Mortgage P&I
146%
$3,319
Property Taxes
6%
$134
Home Insurance
10%
$234
HOA
25%
$575
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0