This property looks like a bad Long-Term investment with a projected -20.45% first-year return on $138k initial cash invested.
-20.45%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$2,435
Rent
-$2,352
Cashflow
Cash Flow
$2,435 income − $4,787 expenses = $2,352 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,435
Total Expenses
$4,787
Mortgage P&I
146%
$3,563
Property Taxes
12%
$297
Home Insurance
10%
$238
HOA
2%
$55
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0