This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $136k initial cash invested.
-15.83%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$3,028
Rent
-$1,801
Cashflow
Cash Flow
$3,028 income − $4,829 expenses = $1,801 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,028
Total Expenses
$4,829
Mortgage P&I
114%
$3,462
Property Taxes
12%
$352
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0