This property looks like a bad Long-Term investment with a projected -16.95% first-year return on $137k initial cash invested.
-16.95%
Cash On Cash
2.89%
Cap Rate
0.47
DSCR
$3,560
Rent
-$1,928
Cashflow
Cash Flow
$3,560 income − $5,488 expenses = $1,928 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,560
Total Expenses
$5,488
Mortgage P&I
93%
$3,316
Property Taxes
29%
$1,018
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0