This property looks like a bad Long-Term investment with a projected -20.61% first-year return on $138k initial cash invested.
-20.61%
Cash On Cash
2.04%
Cap Rate
0.33
DSCR
$1,888
Rent
-$2,362
Cashflow
Cash Flow
$1,888 income − $4,250 expenses = $2,362 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,888
Total Expenses
$4,250
Mortgage P&I
179%
$3,384
Property Taxes
8%
$147
Home Insurance
12%
$229
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0