This property looks like a bad Long-Term investment with a projected -16.37% first-year return on $137k initial cash invested.
-16.37%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$4,129
Rent
-$1,862
Cashflow
Cash Flow
$4,129 income − $5,991 expenses = $1,862 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
$4,129
Total Expenses
$5,991
Mortgage P&I
87%
$3,573
Property Taxes
24%
$996
Home Insurance
6%
$228
HOA
3%
$121
Property Management
10%
$413
CapEx
5%
$206
Vacancy
6%
$248
Maintenance
5%
$206
Other
0%
$0