This property looks like a bad Long-Term investment with a projected -18% first-year return on $138k initial cash invested.
-18%
Cash On Cash
2.53%
Cap Rate
0.42
DSCR
$2,387
Rent
-$2,067
Cashflow
Cash Flow
$2,387 income − $4,454 expenses = $2,067 out of pocket
Investment Breakdown
|
Purchase Price
$656k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,561
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,387
Total Expenses
$4,454
Mortgage P&I
140%
$3,332
Property Taxes
11%
$266
Home Insurance
10%
$236
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0