This property looks like a bad Long-Term investment with a projected -28.3% first-year return on $137k initial cash invested.
-28.3%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$1,344
Rent
-$3,219
Cashflow
Cash Flow
$1,344 income − $4,563 expenses = $3,219 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,344
Total Expenses
$4,563
Mortgage P&I
263%
$3,535
Property Taxes
34%
$451
Home Insurance
17%
$228
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0