This property looks like a bad Long-Term investment with a projected -17.65% first-year return on $137k initial cash invested.
-17.65%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$3,301
Rent
-$2,009
Cashflow
Cash Flow
$3,301 income − $5,310 expenses = $2,009 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%
$6,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,301
Total Expenses
$5,310
Mortgage P&I
108%
$3,558
Property Taxes
19%
$634
Home Insurance
7%
$228
HOA
1%
$32
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0