This property looks like a bad Long-Term investment with a projected -15.36% first-year return on $139k initial cash invested.
-15.36%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$3,574
Rent
-$1,784
Cashflow
Cash Flow
$3,574 income − $5,358 expenses = $1,784 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,635
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,574
Total Expenses
$5,358
Mortgage P&I
99%
$3,540
Property Taxes
17%
$618
Home Insurance
8%
$271
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$179
Vacancy
6%
$214
Maintenance
5%
$179
Other
0%
$0