This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $138k initial cash invested.
-18.73%
Cash On Cash
2.4%
Cap Rate
0.39
DSCR
$2,567
Rent
-$2,147
Cashflow
Cash Flow
$2,567 income − $4,714 expenses = $2,147 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$131k
Closing costs
1%
$6,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,567
Total Expenses
$4,714
Mortgage P&I
130%
$3,331
Property Taxes
21%
$548
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0