This property looks like a bad Long-Term investment with a projected -18.43% first-year return on $139k initial cash invested.
-18.43%
Cash On Cash
2.71%
Cap Rate
0.43
DSCR
$3,352
Rent
-$2,135
Cashflow
Cash Flow
$3,352 income − $5,487 expenses = $2,135 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,352
Total Expenses
$5,487
Mortgage P&I
103%
$3,464
Property Taxes
18%
$611
Home Insurance
7%
$219
HOA
10%
$321
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0