This property looks like a bad Long-Term investment with a projected -18.55% first-year return on $136k initial cash invested.
-18.55%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$2,602
Rent
-$2,110
Cashflow
Cash Flow
$2,602 income − $4,712 expenses = $2,110 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,602
Total Expenses
$4,712
Mortgage P&I
136%
$3,532
Property Taxes
11%
$276
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0