This property looks like a bad Long-Term investment with a projected -24.69% first-year return on $139k initial cash invested.
-24.69%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$2,324
Rent
-$2,862
Cashflow
Cash Flow
$2,324 income − $5,186 expenses = $2,862 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%
$6,623
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,324
Total Expenses
$5,186
Mortgage P&I
151%
$3,516
Property Taxes
34%
$787
Home Insurance
12%
$280
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0