This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $139k initial cash invested.
-15.11%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$2,699
Rent
-$1,752
Cashflow
Cash Flow
$2,699 income − $4,451 expenses = $1,752 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,624
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,699
Total Expenses
$4,451
Mortgage P&I
125%
$3,363
Property Taxes
5%
$146
Home Insurance
9%
$240
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0