This property looks like a bad Long-Term investment with a projected -20.63% first-year return on $136k initial cash invested.
-20.63%
Cash On Cash
2.07%
Cap Rate
0.33
DSCR
$2,023
Rent
-$2,346
Cashflow
Cash Flow
$2,023 income − $4,369 expenses = $2,346 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,023
Total Expenses
$4,369
Mortgage P&I
166%
$3,365
Property Taxes
7%
$143
Home Insurance
11%
$228
HOA
5%
$108
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0