This property looks like a bad Long-Term investment with a projected -25.09% first-year return on $138k initial cash invested.
-25.09%
Cash On Cash
1.62%
Cap Rate
0.24
DSCR
$2,378
Rent
-$2,877
Cashflow
Cash Flow
$2,378 income − $5,255 expenses = $2,877 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,553
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,378
Total Expenses
$5,255
Mortgage P&I
153%
$3,644
Property Taxes
20%
$465
Home Insurance
10%
$236
HOA
12%
$291
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0