This property looks like a bad Long-Term investment with a projected -20.71% first-year return on $137k initial cash invested.
-20.71%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$2,390
Rent
-$2,356
Cashflow
Cash Flow
$2,390 income − $4,746 expenses = $2,356 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,390
Total Expenses
$4,746
Mortgage P&I
149%
$3,551
Property Taxes
14%
$345
Home Insurance
10%
$228
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0