This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $136k initial cash invested.
-20.46%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$2,745
Rent
-$2,327
Cashflow
Cash Flow
$2,745 income − $5,072 expenses = $2,327 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,745
Total Expenses
$5,072
Mortgage P&I
130%
$3,562
Property Taxes
21%
$569
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0