This property looks like a bad Long-Term investment with a projected -22.3% first-year return on $137k initial cash invested.
-22.3%
Cash On Cash
2.39%
Cap Rate
0.35
DSCR
$2,254
Rent
-$2,537
Cashflow
Cash Flow
$2,254 income − $4,791 expenses = $2,537 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,254
Total Expenses
$4,791
Mortgage P&I
165%
$3,716
Property Taxes
11%
$253
Home Insurance
10%
$228
HOA
0%
$8
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0