This property looks like a bad Long-Term investment with a projected -25.7% first-year return on $137k initial cash invested.
-25.7%
Cash On Cash
1.35%
Cap Rate
0.2
DSCR
$1,681
Rent
-$2,923
Cashflow
Cash Flow
$1,681 income − $4,604 expenses = $2,923 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
$1,681
Total Expenses
$4,604
Mortgage P&I
212%
$3,569
Property Taxes
22%
$370
Home Insurance
14%
$228
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0