This property looks like a bad Long-Term investment with a projected -18.17% first-year return on $139k initial cash invested.
-18.17%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$2,423
Rent
-$2,098
Cashflow
Cash Flow
$2,423 income − $4,521 expenses = $2,098 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,423
Total Expenses
$4,521
Mortgage P&I
151%
$3,653
Property Taxes
0%
$8
Home Insurance
10%
$231
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0