This property looks like a bad Long-Term investment with a projected -23.12% first-year return on $136k initial cash invested.
-23.12%
Cash On Cash
1.64%
Cap Rate
0.26
DSCR
$1,473
Rent
-$2,626
Cashflow
Cash Flow
$1,473 income − $4,099 expenses = $2,626 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,473
Total Expenses
$4,099
Mortgage P&I
233%
$3,437
Property Taxes
2%
$33
Home Insurance
15%
$227
HOA
1%
$19
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0