This property looks like a bad Long-Term investment with a projected -15.71% first-year return on $137k initial cash invested.
-15.71%
Cash On Cash
3.08%
Cap Rate
0.51
DSCR
$3,311
Rent
-$1,792
Cashflow
Cash Flow
$3,311 income − $5,103 expenses = $1,792 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,519
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,311
Total Expenses
$5,103
Mortgage P&I
100%
$3,297
Property Taxes
15%
$503
Home Insurance
7%
$248
HOA
6%
$193
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0