This property looks like a bad Long-Term investment with a projected -22.84% first-year return on $138k initial cash invested.
-22.84%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$1,736
Rent
-$2,633
Cashflow
Cash Flow
$1,736 income − $4,369 expenses = $2,633 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$132k
Closing costs
1%
$6,588
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,736
Total Expenses
$4,369
Mortgage P&I
207%
$3,599
Property Taxes
4%
$75
Home Insurance
14%
$243
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0