This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $137k initial cash invested.
-13.96%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$3,567
Rent
-$1,588
Cashflow
Cash Flow
$3,567 income − $5,155 expenses = $1,588 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%
$6,502
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,567
Total Expenses
$5,155
Mortgage P&I
99%
$3,516
Property Taxes
14%
$502
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0