This property looks like a bad Long-Term investment with a projected -20.95% first-year return on $136k initial cash invested.
-20.95%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$2,605
Rent
-$2,376
Cashflow
Cash Flow
$2,605 income − $4,981 expenses = $2,376 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,605
Total Expenses
$4,981
Mortgage P&I
134%
$3,500
Property Taxes
22%
$578
Home Insurance
9%
$227
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0