This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $136k initial cash invested.
-12.99%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$3,670
Rent
-$1,477
Cashflow
Cash Flow
$3,670 income − $5,147 expenses = $1,477 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,670
Total Expenses
$5,147
Mortgage P&I
91%
$3,325
Property Taxes
17%
$639
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$184
Vacancy
6%
$220
Maintenance
5%
$184
Other
0%
$0