This property looks like a bad Long-Term investment with a projected -23.88% first-year return on $141k initial cash invested.
-23.88%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$2,013
Rent
-$2,797
Cashflow
Cash Flow
$2,013 income − $4,810 expenses = $2,797 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,692
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,013
Total Expenses
$4,810
Mortgage P&I
178%
$3,580
Property Taxes
23%
$470
Home Insurance
12%
$236
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0