This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $139k initial cash invested.
-15.83%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$3,603
Rent
-$1,837
Cashflow
Cash Flow
$3,603 income − $5,440 expenses = $1,837 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,632
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,603
Total Expenses
$5,440
Mortgage P&I
102%
$3,690
Property Taxes
8%
$280
Home Insurance
7%
$247
HOA
8%
$287
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0