This property looks like a bad Long-Term investment with a projected -23.97% first-year return on $137k initial cash invested.
-23.97%
Cash On Cash
1.9%
Cap Rate
0.28
DSCR
$1,787
Rent
-$2,727
Cashflow
Cash Flow
$1,787 income − $4,514 expenses = $2,727 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,787
Total Expenses
$4,514
Mortgage P&I
205%
$3,668
Property Taxes
9%
$154
Home Insurance
13%
$228
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0