This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $136k initial cash invested.
-16.51%
Cash On Cash
3.01%
Cap Rate
0.49
DSCR
$3,251
Rent
-$1,878
Cashflow
Cash Flow
$3,251 income − $5,129 expenses = $1,878 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,251
Total Expenses
$5,129
Mortgage P&I
103%
$3,345
Property Taxes
22%
$710
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0