This property looks like a bad Long-Term investment with a projected -18.03% first-year return on $139k initial cash invested.
-18.03%
Cash On Cash
2.53%
Cap Rate
0.42
DSCR
$2,872
Rent
-$2,082
Cashflow
Cash Flow
$2,872 income − $4,954 expenses = $2,082 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,598
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,872
Total Expenses
$4,954
Mortgage P&I
116%
$3,331
Property Taxes
21%
$608
Home Insurance
9%
$268
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0