This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $137k initial cash invested.
-13.13%
Cash On Cash
3.91%
Cap Rate
0.62
DSCR
$3,695
Rent
-$1,494
Cashflow
Cash Flow
$3,695 income − $5,189 expenses = $1,494 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,695
Total Expenses
$5,189
Mortgage P&I
93%
$3,425
Property Taxes
16%
$574
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0