This property looks like a bad Long-Term investment with a projected -26.48% first-year return on $136k initial cash invested.
-26.48%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$1,724
Rent
-$3,012
Cashflow
Cash Flow
$1,724 income − $4,736 expenses = $3,012 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,724
Total Expenses
$4,736
Mortgage P&I
201%
$3,467
Property Taxes
34%
$594
Home Insurance
13%
$228
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0