This property looks like a bad Long-Term investment with a projected -17.87% first-year return on $136k initial cash invested.
-17.87%
Cash On Cash
3.23%
Cap Rate
0.48
DSCR
$2,581
Rent
-$2,032
Cashflow
Cash Flow
$2,581 income − $4,613 expenses = $2,032 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,581
Total Expenses
$4,613
Mortgage P&I
142%
$3,654
Property Taxes
2%
$60
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0