This property looks like a bad Long-Term investment with a projected -18.82% first-year return on $136k initial cash invested.
-18.82%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$2,532
Rent
-$2,141
Cashflow
Cash Flow
$2,532 income − $4,673 expenses = $2,141 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,532
Total Expenses
$4,673
Mortgage P&I
139%
$3,509
Property Taxes
11%
$277
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0