This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $137k initial cash invested.
-16.39%
Cash On Cash
3.4%
Cap Rate
0.52
DSCR
$3,737
Rent
-$1,864
Cashflow
Cash Flow
$3,737 income − $5,601 expenses = $1,864 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,737
Total Expenses
$5,601
Mortgage P&I
94%
$3,521
Property Taxes
24%
$880
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0