This property looks like a bad Long-Term investment with a projected -21.32% first-year return on $137k initial cash invested.
-21.32%
Cash On Cash
2.15%
Cap Rate
0.34
DSCR
$2,520
Rent
-$2,425
Cashflow
Cash Flow
$2,520 income − $4,945 expenses = $2,425 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,520
Total Expenses
$4,945
Mortgage P&I
138%
$3,466
Property Taxes
24%
$596
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0