This property looks like a bad Long-Term investment with a projected -15.27% first-year return on $139k initial cash invested.
-15.27%
Cash On Cash
3.38%
Cap Rate
0.54
DSCR
$3,389
Rent
-$1,764
Cashflow
Cash Flow
$3,389 income − $5,153 expenses = $1,764 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,389
Total Expenses
$5,153
Mortgage P&I
102%
$3,454
Property Taxes
17%
$588
Home Insurance
7%
$231
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0