This property looks like a bad Long-Term investment with a projected -20% first-year return on $136k initial cash invested.
-20%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$2,935
Rent
-$2,272
Cashflow
Cash Flow
$2,935 income − $5,207 expenses = $2,272 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,935
Total Expenses
$5,207
Mortgage P&I
122%
$3,588
Property Taxes
21%
$628
Home Insurance
8%
$227
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0