This property looks like a bad Long-Term investment with a projected -23.46% first-year return on $139k initial cash invested.
-23.46%
Cash On Cash
1.94%
Cap Rate
0.29
DSCR
$2,470
Rent
-$2,713
Cashflow
Cash Flow
$2,470 income − $5,183 expenses = $2,713 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,470
Total Expenses
$5,183
Mortgage P&I
148%
$3,655
Property Taxes
26%
$649
Home Insurance
10%
$236
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0