This property looks like a bad Long-Term investment with a projected -21.9% first-year return on $141k initial cash invested.
-21.9%
Cash On Cash
2.2%
Cap Rate
0.33
DSCR
$2,407
Rent
-$2,565
Cashflow
Cash Flow
$2,407 income − $4,972 expenses = $2,565 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,407
Total Expenses
$4,972
Mortgage P&I
153%
$3,673
Property Taxes
12%
$290
Home Insurance
10%
$234
HOA
6%
$150
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0