This property looks like a bad Long-Term investment with a projected -22.43% first-year return on $136k initial cash invested.
-22.43%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$1,864
Rent
-$2,548
Cashflow
Cash Flow
$1,864 income − $4,412 expenses = $2,548 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,864
Total Expenses
$4,412
Mortgage P&I
189%
$3,518
Property Taxes
10%
$183
Home Insurance
12%
$227
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0