This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $139k initial cash invested.
-14.66%
Cash On Cash
3.25%
Cap Rate
0.54
DSCR
$3,124
Rent
-$1,700
Cashflow
Cash Flow
$3,124 income − $4,824 expenses = $1,700 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,124
Total Expenses
$4,824
Mortgage P&I
107%
$3,336
Property Taxes
13%
$407
Home Insurance
8%
$236
HOA
1%
$34
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0