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
2.16%
Cap Rate
0.35
DSCR
$2,892
Rent
-$2,342
Cashflow
Cash Flow
$2,892 income − $5,234 expenses = $2,342 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,526
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,892
Total Expenses
$5,234
Mortgage P&I
117%
$3,371
Property Taxes
31%
$900
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0