This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $138k initial cash invested.
-12.66%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$3,705
Rent
-$1,456
Cashflow
Cash Flow
$3,705 income − $5,161 expenses = $1,456 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,574
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,705
Total Expenses
$5,161
Mortgage P&I
94%
$3,487
Property Taxes
12%
$458
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0