This property looks like a bad Long-Term investment with a projected -20.41% first-year return on $138k initial cash invested.
-20.41%
Cash On Cash
2.79%
Cap Rate
0.41
DSCR
$2,880
Rent
-$2,347
Cashflow
Cash Flow
$2,880 income − $5,227 expenses = $2,347 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,570
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,880
Total Expenses
$5,227
Mortgage P&I
130%
$3,731
Property Taxes
18%
$511
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0