This property looks like a bad Long-Term investment with a projected -20.92% first-year return on $137k initial cash invested.
-20.92%
Cash On Cash
2.15%
Cap Rate
0.34
DSCR
$2,347
Rent
-$2,381
Cashflow
Cash Flow
$2,347 income − $4,728 expenses = $2,381 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,347
Total Expenses
$4,728
Mortgage P&I
146%
$3,428
Property Taxes
10%
$238
Home Insurance
10%
$233
HOA
9%
$219
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0