This property looks like a bad Long-Term investment with a projected -23.41% first-year return on $138k initial cash invested.
-23.41%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$3,012
Rent
-$2,696
Cashflow
Cash Flow
$3,012 income − $5,708 expenses = $2,696 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$132k
Closing costs
1%
$6,581
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,012
Total Expenses
$5,708
Mortgage P&I
120%
$3,600
Property Taxes
38%
$1,132
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0