This property looks like a bad Long-Term investment with a projected -22.1% first-year return on $137k initial cash invested.
-22.1%
Cash On Cash
2.12%
Cap Rate
0.32
DSCR
$1,968
Rent
-$2,519
Cashflow
Cash Flow
$1,968 income − $4,487 expenses = $2,519 out of pocket
Investment Breakdown
|
Purchase Price
$651k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$4,487
Mortgage P&I
182%
$3,574
Property Taxes
8%
$160
Home Insurance
12%
$242
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0