This property looks like a bad Long-Term investment with a projected -21.73% first-year return on $139k initial cash invested.
-21.73%
Cash On Cash
2.12%
Cap Rate
0.33
DSCR
$2,657
Rent
-$2,510
Cashflow
Cash Flow
$2,657 income − $5,167 expenses = $2,510 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,657
Total Expenses
$5,167
Mortgage P&I
133%
$3,543
Property Taxes
19%
$505
Home Insurance
10%
$278
HOA
6%
$150
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0