This property looks like a bad Long-Term investment with a projected -21.93% first-year return on $137k initial cash invested.
-21.93%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$2,310
Rent
-$2,495
Cashflow
Cash Flow
$2,310 income − $4,805 expenses = $2,495 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$4,805
Mortgage P&I
153%
$3,543
Property Taxes
19%
$432
Home Insurance
10%
$228
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0