This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $139k initial cash invested.
-12.75%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$3,290
Rent
-$1,472
Cashflow
Cash Flow
$3,290 income − $4,762 expenses = $1,472 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,290
Total Expenses
$4,762
Mortgage P&I
108%
$3,557
Property Taxes
4%
$120
Home Insurance
7%
$231
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0