This property looks like a bad Long-Term investment with a projected -16.66% first-year return on $136k initial cash invested.
-16.66%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$3,350
Rent
-$1,894
Cashflow
Cash Flow
$3,350 income − $5,244 expenses = $1,894 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,497
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,350
Total Expenses
$5,244
Mortgage P&I
109%
$3,641
Property Taxes
14%
$484
Home Insurance
7%
$247
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0