This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $136k initial cash invested.
-16.36%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$3,411
Rent
-$1,861
Cashflow
Cash Flow
$3,411 income − $5,272 expenses = $1,861 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,411
Total Expenses
$5,272
Mortgage P&I
103%
$3,522
Property Taxes
19%
$634
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0