This property looks like a bad Long-Term investment with a projected -13.09% first-year return on $139k initial cash invested.
-13.09%
Cash On Cash
3.76%
Cap Rate
0.61
DSCR
$3,607
Rent
-$1,518
Cashflow
Cash Flow
$3,607 income − $5,125 expenses = $1,518 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,626
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,607
Total Expenses
$5,125
Mortgage P&I
95%
$3,415
Property Taxes
15%
$539
Home Insurance
6%
$234
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0