This property looks like a bad Long-Term investment with a projected -20.68% first-year return on $139k initial cash invested.
-20.68%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$2,261
Rent
-$2,388
Cashflow
Cash Flow
$2,261 income − $4,649 expenses = $2,388 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,261
Total Expenses
$4,649
Mortgage P&I
160%
$3,612
Property Taxes
10%
$218
Home Insurance
10%
$231
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0