This property looks like a bad Long-Term investment with a projected -17.77% first-year return on $136k initial cash invested.
-17.77%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$2,638
Rent
-$2,021
Cashflow
Cash Flow
$2,638 income − $4,659 expenses = $2,021 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
$2,638
Total Expenses
$4,659
Mortgage P&I
135%
$3,573
Property Taxes
7%
$172
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0