This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $139k initial cash invested.
-15.49%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$2,989
Rent
-$1,798
Cashflow
Cash Flow
$2,989 income − $4,787 expenses = $1,798 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,631
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,989
Total Expenses
$4,787
Mortgage P&I
115%
$3,426
Property Taxes
11%
$340
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0