This property looks like a bad Long-Term investment with a projected -22.49% first-year return on $137k initial cash invested.
-22.49%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$1,778
Rent
-$2,558
Cashflow
Cash Flow
$1,778 income − $4,336 expenses = $2,558 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,778
Total Expenses
$4,336
Mortgage P&I
199%
$3,536
Property Taxes
6%
$109
Home Insurance
13%
$228
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0