This property looks like a bad Long-Term investment with a projected -18.7% first-year return on $137k initial cash invested.
-18.7%
Cash On Cash
2.85%
Cap Rate
0.44
DSCR
$2,515
Rent
-$2,135
Cashflow
Cash Flow
$2,515 income − $4,650 expenses = $2,135 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,515
Total Expenses
$4,650
Mortgage P&I
141%
$3,557
Property Taxes
8%
$202
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0