This property looks like a bad Long-Term investment with a projected -21.14% first-year return on $138k initial cash invested.
-21.14%
Cash On Cash
2.52%
Cap Rate
0.38
DSCR
$3,218
Rent
-$2,429
Cashflow
Cash Flow
$3,218 income − $5,647 expenses = $2,429 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,218
Total Expenses
$5,647
Mortgage P&I
113%
$3,648
Property Taxes
29%
$928
Home Insurance
7%
$234
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0