This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $137k initial cash invested.
-17.41%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$3,559
Rent
-$1,980
Cashflow
Cash Flow
$3,559 income − $5,539 expenses = $1,980 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,559
Total Expenses
$5,539
Mortgage P&I
100%
$3,572
Property Taxes
23%
$813
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0