This property looks like a bad Long-Term investment with a projected -20.23% first-year return on $139k initial cash invested.
-20.23%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$2,492
Rent
-$2,336
Cashflow
Cash Flow
$2,492 income − $4,828 expenses = $2,336 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,492
Total Expenses
$4,828
Mortgage P&I
142%
$3,537
Property Taxes
16%
$390
Home Insurance
9%
$231
HOA
1%
$21
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0