This property looks like a bad Long-Term investment with a projected -15.2% first-year return on $139k initial cash invested.
-15.2%
Cash On Cash
3.46%
Cap Rate
0.55
DSCR
$3,539
Rent
-$1,766
Cashflow
Cash Flow
$3,539 income − $5,305 expenses = $1,766 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,539
Total Expenses
$5,305
Mortgage P&I
99%
$3,504
Property Taxes
18%
$636
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0