This property looks like a bad Long-Term investment with a projected -23.47% first-year return on $138k initial cash invested.
-23.47%
Cash On Cash
1.34%
Cap Rate
0.22
DSCR
$2,432
Rent
-$2,698
Cashflow
Cash Flow
$2,432 income − $5,130 expenses = $2,698 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,568
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,432
Total Expenses
$5,130
Mortgage P&I
136%
$3,309
Property Taxes
39%
$960
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0