This property looks like a bad Long-Term investment with a projected -22.9% first-year return on $137k initial cash invested.
-22.9%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$2,458
Rent
-$2,616
Cashflow
Cash Flow
$2,458 income − $5,074 expenses = $2,616 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,529
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,458
Total Expenses
$5,074
Mortgage P&I
149%
$3,652
Property Taxes
23%
$555
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0