This property looks like a bad Long-Term investment with a projected -20.33% first-year return on $138k initial cash invested.
-20.33%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$2,487
Rent
-$2,344
Cashflow
Cash Flow
$2,487 income − $4,831 expenses = $2,344 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%
$6,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,487
Total Expenses
$4,831
Mortgage P&I
146%
$3,630
Property Taxes
13%
$324
Home Insurance
9%
$231
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0