This property looks like a bad Long-Term investment with a projected -17.55% first-year return on $137k initial cash invested.
-17.55%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$2,839
Rent
-$2,002
Cashflow
Cash Flow
$2,839 income − $4,841 expenses = $2,002 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,839
Total Expenses
$4,841
Mortgage P&I
123%
$3,500
Property Taxes
9%
$249
Home Insurance
8%
$234
HOA
4%
$120
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0