This property looks like a bad Long-Term investment with a projected -23.82% first-year return on $137k initial cash invested.
-23.82%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$2,487
Rent
-$2,709
Cashflow
Cash Flow
$2,487 income − $5,196 expenses = $2,709 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,487
Total Expenses
$5,196
Mortgage P&I
144%
$3,573
Property Taxes
30%
$749
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0