This property looks like a bad Long-Term investment with a projected -23.29% first-year return on $136k initial cash invested.
-23.29%
Cash On Cash
1.73%
Cap Rate
0.27
DSCR
$2,706
Rent
-$2,645
Cashflow
Cash Flow
$2,706 income − $5,351 expenses = $2,645 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,706
Total Expenses
$5,351
Mortgage P&I
127%
$3,446
Property Taxes
36%
$975
Home Insurance
8%
$227
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0