This property looks like a bad Long-Term investment with a projected -19.3% first-year return on $137k initial cash invested.
-19.3%
Cash On Cash
2.44%
Cap Rate
0.39
DSCR
$2,447
Rent
-$2,211
Cashflow
Cash Flow
$2,447 income − $4,658 expenses = $2,211 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,447
Total Expenses
$4,658
Mortgage P&I
140%
$3,418
Property Taxes
12%
$289
Home Insurance
13%
$315
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0