This property looks like a bad Long-Term investment with a projected -21.62% first-year return on $136k initial cash invested.
-21.62%
Cash On Cash
2.26%
Cap Rate
0.34
DSCR
$2,256
Rent
-$2,459
Cashflow
Cash Flow
$2,256 income − $4,715 expenses = $2,459 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,256
Total Expenses
$4,715
Mortgage P&I
158%
$3,571
Property Taxes
14%
$308
Home Insurance
10%
$228
HOA
1%
$21
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0