This property looks like a bad Long-Term investment with a projected -19.84% first-year return on $136k initial cash invested.
-19.84%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$2,677
Rent
-$2,257
Cashflow
Cash Flow
$2,677 income − $4,934 expenses = $2,257 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
$2,677
Total Expenses
$4,934
Mortgage P&I
133%
$3,549
Property Taxes
17%
$460
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0