This property looks like a bad Long-Term investment with a projected -27% first-year return on $137k initial cash invested.
-27%
Cash On Cash
1.08%
Cap Rate
0.16
DSCR
$1,633
Rent
-$3,085
Cashflow
Cash Flow
$1,633 income − $4,718 expenses = $3,085 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,530
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,633
Total Expenses
$4,718
Mortgage P&I
220%
$3,590
Property Taxes
28%
$465
Home Insurance
15%
$238
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0