This property looks like a bad Long-Term investment with a projected -21.31% first-year return on $137k initial cash invested.
-21.31%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$2,110
Rent
-$2,438
Cashflow
Cash Flow
$2,110 income − $4,548 expenses = $2,438 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,537
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,110
Total Expenses
$4,548
Mortgage P&I
169%
$3,563
Property Taxes
9%
$190
Home Insurance
12%
$245
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0