This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $139k initial cash invested.
-19.34%
Cash On Cash
2.5%
Cap Rate
0.4
DSCR
$2,888
Rent
-$2,234
Cashflow
Cash Flow
$2,888 income − $5,122 expenses = $2,234 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,888
Total Expenses
$5,122
Mortgage P&I
120%
$3,466
Property Taxes
16%
$448
Home Insurance
9%
$254
HOA
7%
$204
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0