This property looks like a bad Long-Term investment with a projected -19.3% first-year return on $138k initial cash invested.
-19.3%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$2,900
Rent
-$2,218
Cashflow
Cash Flow
$2,900 income − $5,118 expenses = $2,218 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,568
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,900
Total Expenses
$5,118
Mortgage P&I
122%
$3,539
Property Taxes
20%
$591
Home Insurance
8%
$234
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0