This property looks like a bad Long-Term investment with a projected -19.55% first-year return on $139k initial cash invested.
-19.55%
Cash On Cash
2.62%
Cap Rate
0.41
DSCR
$3,221
Rent
-$2,261
Cashflow
Cash Flow
$3,221 income − $5,482 expenses = $2,261 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,221
Total Expenses
$5,482
Mortgage P&I
110%
$3,542
Property Taxes
27%
$860
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0