This property looks like a bad Long-Term investment with a projected -20.69% first-year return on $137k initial cash invested.
-20.69%
Cash On Cash
2.16%
Cap Rate
0.34
DSCR
$1,932
Rent
-$2,353
Cashflow
Cash Flow
$1,932 income − $4,285 expenses = $2,353 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,932
Total Expenses
$4,285
Mortgage P&I
177%
$3,428
Property Taxes
7%
$126
Home Insurance
12%
$228
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0