This property looks like a bad Long-Term investment with a projected -23.93% first-year return on $137k initial cash invested.
-23.93%
Cash On Cash
1.82%
Cap Rate
0.27
DSCR
$1,799
Rent
-$2,722
Cashflow
Cash Flow
$1,799 income − $4,521 expenses = $2,722 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,799
Total Expenses
$4,521
Mortgage P&I
201%
$3,620
Property Taxes
11%
$205
Home Insurance
13%
$228
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0