This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $138k initial cash invested.
-13.34%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$3,603
Rent
-$1,539
Cashflow
Cash Flow
$3,603 income − $5,142 expenses = $1,539 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$132k
Closing costs
1%
$6,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,603
Total Expenses
$5,142
Mortgage P&I
99%
$3,552
Property Taxes
12%
$423
Home Insurance
6%
$231
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0