This property looks like a bad Long-Term investment with a projected -19.03% first-year return on $139k initial cash invested.
-19.03%
Cash On Cash
2.91%
Cap Rate
0.44
DSCR
$3,040
Rent
-$2,212
Cashflow
Cash Flow
$3,040 income − $5,252 expenses = $2,212 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,040
Total Expenses
$5,252
Mortgage P&I
121%
$3,672
Property Taxes
18%
$554
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0