This property looks like a bad Long-Term investment with a projected -18.91% first-year return on $139k initial cash invested.
-18.91%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$3,140
Rent
-$2,194
Cashflow
Cash Flow
$3,140 income − $5,334 expenses = $2,194 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,140
Total Expenses
$5,334
Mortgage P&I
114%
$3,564
Property Taxes
23%
$718
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0