This property looks like a bad Long-Term investment with a projected -22.16% first-year return on $139k initial cash invested.
-22.16%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$2,264
Rent
-$2,576
Cashflow
Cash Flow
$2,264 income − $4,840 expenses = $2,576 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$133k
Closing costs
1%
$6,642
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,264
Total Expenses
$4,840
Mortgage P&I
158%
$3,575
Property Taxes
19%
$439
Home Insurance
11%
$238
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0