This property looks like a bad Long-Term investment with a projected -20.51% first-year return on $137k initial cash invested.
-20.51%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$2,776
Rent
-$2,343
Cashflow
Cash Flow
$2,776 income − $5,119 expenses = $2,343 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,528
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,776
Total Expenses
$5,119
Mortgage P&I
126%
$3,496
Property Taxes
24%
$664
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0