This property looks like a bad Long-Term investment with a projected -19.62% first-year return on $137k initial cash invested.
-19.62%
Cash On Cash
2.73%
Cap Rate
0.41
DSCR
$2,414
Rent
-$2,246
Cashflow
Cash Flow
$2,414 income − $4,660 expenses = $2,246 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,542
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,414
Total Expenses
$4,660
Mortgage P&I
150%
$3,611
Property Taxes
8%
$183
Home Insurance
10%
$238
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0