This property looks like a bad Long-Term investment with a projected -18.8% first-year return on $139k initial cash invested.
-18.8%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$2,729
Rent
-$2,177
Cashflow
Cash Flow
$2,729 income − $4,906 expenses = $2,177 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,617
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,729
Total Expenses
$4,906
Mortgage P&I
131%
$3,576
Property Taxes
14%
$383
Home Insurance
9%
$238
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0