This property looks like a bad Long-Term investment with a projected -16.84% first-year return on $137k initial cash invested.
-16.84%
Cash On Cash
2.7%
Cap Rate
0.45
DSCR
$2,392
Rent
-$1,922
Cashflow
Cash Flow
$2,392 income − $4,314 expenses = $1,922 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,392
Total Expenses
$4,314
Mortgage P&I
137%
$3,268
Property Taxes
8%
$187
Home Insurance
10%
$236
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0