This property looks like a bad Long-Term investment with a projected -15.43% first-year return on $138k initial cash invested.
-15.43%
Cash On Cash
3.13%
Cap Rate
0.51
DSCR
$2,936
Rent
-$1,774
Cashflow
Cash Flow
$2,936 income − $4,710 expenses = $1,774 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,936
Total Expenses
$4,710
Mortgage P&I
114%
$3,340
Property Taxes
13%
$373
Home Insurance
8%
$233
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0