This property looks like a bad Long-Term investment with a projected -18.76% first-year return on $137k initial cash invested.
-18.76%
Cash On Cash
2.45%
Cap Rate
0.4
DSCR
$3,437
Rent
-$2,134
Cashflow
Cash Flow
$3,437 income − $5,571 expenses = $2,134 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,437
Total Expenses
$5,571
Mortgage P&I
96%
$3,287
Property Taxes
34%
$1,162
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0