This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $136k initial cash invested.
-13.82%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$3,829
Rent
-$1,571
Cashflow
Cash Flow
$3,829 income − $5,400 expenses = $1,571 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%
$6,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,829
Total Expenses
$5,400
Mortgage P&I
93%
$3,554
Property Taxes
16%
$623
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0