This property looks like a bad Long-Term investment with a projected -19.65% first-year return on $139k initial cash invested.
-19.65%
Cash On Cash
2.72%
Cap Rate
0.41
DSCR
$3,017
Rent
-$2,275
Cashflow
Cash Flow
$3,017 income − $5,292 expenses = $2,275 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,615
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,017
Total Expenses
$5,292
Mortgage P&I
120%
$3,626
Property Taxes
21%
$648
Home Insurance
8%
$233
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0