This property looks like a bad Long-Term investment with a projected -30.02% first-year return on $139k initial cash invested.
-30.02%
Cash On Cash
0.5%
Cap Rate
0.08
DSCR
$2,261
Rent
-$3,482
Cashflow
Cash Flow
$2,261 income − $5,743 expenses = $3,482 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,628
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,261
Total Expenses
$5,743
Mortgage P&I
161%
$3,643
Property Taxes
56%
$1,269
Home Insurance
11%
$243
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0