This property looks like a bad Long-Term investment with a projected -19.79% first-year return on $137k initial cash invested.
-19.79%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$2,354
Rent
-$2,267
Cashflow
Cash Flow
$2,354 income − $4,621 expenses = $2,267 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,354
Total Expenses
$4,621
Mortgage P&I
152%
$3,581
Property Taxes
7%
$169
Home Insurance
10%
$229
HOA
1%
$30
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0