This property looks like a bad Long-Term investment with a projected -27.76% first-year return on $137k initial cash invested.
-27.76%
Cash On Cash
1.24%
Cap Rate
0.18
DSCR
$1,649
Rent
-$3,158
Cashflow
Cash Flow
$1,649 income − $4,807 expenses = $3,158 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,649
Total Expenses
$4,807
Mortgage P&I
227%
$3,745
Property Taxes
25%
$406
Home Insurance
14%
$228
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0