This property looks like a bad Long-Term investment with a projected -20.51% first-year return on $138k initial cash invested.
-20.51%
Cash On Cash
2.37%
Cap Rate
0.37
DSCR
$2,738
Rent
-$2,367
Cashflow
Cash Flow
$2,738 income − $5,105 expenses = $2,367 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$132k
Closing costs
1%
$6,594
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,738
Total Expenses
$5,105
Mortgage P&I
129%
$3,531
Property Taxes
23%
$622
Home Insurance
9%
$240
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0