This property looks like a bad Long-Term investment with a projected -23.24% first-year return on $137k initial cash invested.
-23.24%
Cash On Cash
1.62%
Cap Rate
0.26
DSCR
$2,063
Rent
-$2,643
Cashflow
Cash Flow
$2,063 income − $4,706 expenses = $2,643 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,063
Total Expenses
$4,706
Mortgage P&I
166%
$3,420
Property Taxes
24%
$505
Home Insurance
11%
$228
HOA
1%
$17
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0