This property looks like a bad Long-Term investment with a projected -19.06% first-year return on $137k initial cash invested.
-19.06%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$3,119
Rent
-$2,178
Cashflow
Cash Flow
$3,119 income − $5,297 expenses = $2,178 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,529
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,119
Total Expenses
$5,297
Mortgage P&I
112%
$3,494
Property Taxes
12%
$370
Home Insurance
7%
$228
HOA
13%
$394
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0