This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $136k initial cash invested.
-14.21%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$3,573
Rent
-$1,616
Cashflow
Cash Flow
$3,573 income − $5,189 expenses = $1,616 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$130k
Closing costs
1%
$6,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,573
Total Expenses
$5,189
Mortgage P&I
100%
$3,571
Property Taxes
13%
$461
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$179
Vacancy
6%
$214
Maintenance
5%
$179
Other
0%
$0