This property looks like a bad Long-Term investment with a projected -20.51% first-year return on $136k initial cash invested.
-20.51%
Cash On Cash
2.13%
Cap Rate
0.34
DSCR
$2,226
Rent
-$2,325
Cashflow
Cash Flow
$2,226 income − $4,551 expenses = $2,325 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,477
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,226
Total Expenses
$4,551
Mortgage P&I
151%
$3,361
Property Taxes
17%
$384
Home Insurance
10%
$227
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0