This property looks like a bad Long-Term investment with a projected -20.2% first-year return on $136k initial cash invested.
-20.2%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$2,833
Rent
-$2,296
Cashflow
Cash Flow
$2,833 income − $5,129 expenses = $2,296 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,496
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,833
Total Expenses
$5,129
Mortgage P&I
123%
$3,490
Property Taxes
23%
$664
Home Insurance
8%
$238
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0