This property looks like a bad Long-Term investment with a projected -16.01% first-year return on $139k initial cash invested.
-16.01%
Cash On Cash
3.05%
Cap Rate
0.5
DSCR
$2,899
Rent
-$1,855
Cashflow
Cash Flow
$2,899 income − $4,754 expenses = $1,855 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,899
Total Expenses
$4,754
Mortgage P&I
117%
$3,392
Property Taxes
11%
$322
Home Insurance
8%
$236
HOA
2%
$50
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0