This property looks like a bad Long-Term investment with a projected -19.92% first-year return on $136k initial cash invested.
-19.92%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$2,782
Rent
-$2,265
Cashflow
Cash Flow
$2,782 income − $5,047 expenses = $2,265 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,782
Total Expenses
$5,047
Mortgage P&I
126%
$3,510
Property Taxes
21%
$586
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0