This property looks like a bad Long-Term investment with a projected -18.76% first-year return on $139k initial cash invested.
-18.76%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,691
Rent
-$2,166
Cashflow
Cash Flow
$2,691 income − $4,857 expenses = $2,166 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,598
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,691
Total Expenses
$4,857
Mortgage P&I
133%
$3,584
Property Taxes
12%
$330
Home Insurance
9%
$243
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$161
Maintenance
5%
$135
Other
0%
$0