This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $137k initial cash invested.
-15.09%
Cash On Cash
3.25%
Cap Rate
0.53
DSCR
$3,242
Rent
-$1,717
Cashflow
Cash Flow
$3,242 income − $4,959 expenses = $1,717 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,242
Total Expenses
$4,959
Mortgage P&I
102%
$3,314
Property Taxes
18%
$574
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0