This property looks like a bad Long-Term investment with a projected -21.23% first-year return on $139k initial cash invested.
-21.23%
Cash On Cash
2.21%
Cap Rate
0.35
DSCR
$3,276
Rent
-$2,458
Cashflow
Cash Flow
$3,276 income − $5,734 expenses = $2,458 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,276
Total Expenses
$5,734
Mortgage P&I
107%
$3,513
Property Taxes
31%
$1,002
Home Insurance
11%
$366
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0