This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $138k initial cash invested.
-19.34%
Cash On Cash
2.2%
Cap Rate
0.37
DSCR
$2,905
Rent
-$2,225
Cashflow
Cash Flow
$2,905 income − $5,130 expenses = $2,225 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$132k
Closing costs
1%
$6,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,905
Total Expenses
$5,130
Mortgage P&I
113%
$3,288
Property Taxes
17%
$506
Home Insurance
8%
$222
HOA
12%
$360
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0