This property looks like a bad Long-Term investment with a projected -20% first-year return on $136k initial cash invested.
-20%
Cash On Cash
2.1%
Cap Rate
0.35
DSCR
$2,249
Rent
-$2,272
Cashflow
Cash Flow
$2,249 income − $4,521 expenses = $2,272 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,249
Total Expenses
$4,521
Mortgage P&I
147%
$3,298
Property Taxes
17%
$382
Home Insurance
10%
$227
HOA
1%
$30
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0