This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $139k initial cash invested.
-15.77%
Cash On Cash
3.16%
Cap Rate
0.51
DSCR
$3,032
Rent
-$1,824
Cashflow
Cash Flow
$3,032 income − $4,856 expenses = $1,824 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,032
Total Expenses
$4,856
Mortgage P&I
112%
$3,410
Property Taxes
14%
$419
Home Insurance
8%
$238
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0