This property looks like a bad Long-Term investment with a projected -17.86% first-year return on $138k initial cash invested.
-17.86%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$3,693
Rent
-$2,059
Cashflow
Cash Flow
$3,693 income − $5,752 expenses = $2,059 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$132k
Closing costs
1%
$6,589
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,693
Total Expenses
$5,752
Mortgage P&I
98%
$3,620
Property Taxes
25%
$937
Home Insurance
6%
$234
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0