This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $136k initial cash invested.
-19.04%
Cash On Cash
2.29%
Cap Rate
0.38
DSCR
$3,058
Rent
-$2,165
Cashflow
Cash Flow
$3,058 income − $5,223 expenses = $2,165 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,058
Total Expenses
$5,223
Mortgage P&I
106%
$3,251
Property Taxes
31%
$949
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0