This property looks like a bad Long-Term investment with a projected -22.56% first-year return on $139k initial cash invested.
-22.56%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$2,384
Rent
-$2,616
Cashflow
Cash Flow
$2,384 income − $5,000 expenses = $2,616 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,384
Total Expenses
$5,000
Mortgage P&I
151%
$3,605
Property Taxes
23%
$548
Home Insurance
10%
$228
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0