This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $139k initial cash invested.
-15.73%
Cash On Cash
3.32%
Cap Rate
0.52
DSCR
$3,303
Rent
-$1,819
Cashflow
Cash Flow
$3,303 income − $5,122 expenses = $1,819 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,607
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,303
Total Expenses
$5,122
Mortgage P&I
105%
$3,480
Property Taxes
17%
$548
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0