This property looks like a bad Long-Term investment with a projected -21.22% first-year return on $139k initial cash invested.
-21.22%
Cash On Cash
2.42%
Cap Rate
0.36
DSCR
$2,452
Rent
-$2,459
Cashflow
Cash Flow
$2,452 income − $4,911 expenses = $2,459 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,623
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,452
Total Expenses
$4,911
Mortgage P&I
150%
$3,671
Property Taxes
15%
$369
Home Insurance
9%
$220
HOA
1%
$13
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0