This property looks like a bad Long-Term investment with a projected -18.3% first-year return on $137k initial cash invested.
-18.3%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$3,209
Rent
-$2,082
Cashflow
Cash Flow
$3,209 income − $5,291 expenses = $2,082 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
$3,209
Total Expenses
$5,291
Mortgage P&I
111%
$3,572
Property Taxes
20%
$657
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0