This property looks like a bad Long-Term investment with a projected -21.61% first-year return on $137k initial cash invested.
-21.61%
Cash On Cash
2.19%
Cap Rate
0.34
DSCR
$2,453
Rent
-$2,458
Cashflow
Cash Flow
$2,453 income − $4,911 expenses = $2,458 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,453
Total Expenses
$4,911
Mortgage P&I
144%
$3,523
Property Taxes
21%
$522
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0