This property looks like a bad Long-Term investment with a projected -22.78% first-year return on $136k initial cash invested.
-22.78%
Cash On Cash
1.5%
Cap Rate
0.24
DSCR
$1,732
Rent
-$2,591
Cashflow
Cash Flow
$1,732 income − $4,323 expenses = $2,591 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,732
Total Expenses
$4,323
Mortgage P&I
191%
$3,314
Property Taxes
19%
$330
Home Insurance
13%
$228
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0