This property looks like a bad Long-Term investment with a projected -22.18% first-year return on $136k initial cash invested.
-22.18%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$2,073
Rent
-$2,521
Cashflow
Cash Flow
$2,073 income − $4,594 expenses = $2,521 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,073
Total Expenses
$4,594
Mortgage P&I
168%
$3,488
Property Taxes
16%
$340
Home Insurance
11%
$227
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0