This property looks like a bad Long-Term investment with a projected -20.77% first-year return on $137k initial cash invested.
-20.77%
Cash On Cash
2.21%
Cap Rate
0.35
DSCR
$3,422
Rent
-$2,363
Cashflow
Cash Flow
$3,422 income − $5,785 expenses = $2,363 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,422
Total Expenses
$5,785
Mortgage P&I
99%
$3,389
Property Taxes
37%
$1,279
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0