This property looks like a bad Long-Term investment with a projected -23.1% first-year return on $137k initial cash invested.
-23.1%
Cash On Cash
1.87%
Cap Rate
0.29
DSCR
$2,392
Rent
-$2,635
Cashflow
Cash Flow
$2,392 income − $5,027 expenses = $2,635 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,518
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,392
Total Expenses
$5,027
Mortgage P&I
148%
$3,532
Property Taxes
27%
$636
Home Insurance
10%
$236
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0