This property looks like a bad Long-Term investment with a projected -17.23% first-year return on $139k initial cash invested.
-17.23%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$3,152
Rent
-$1,995
Cashflow
Cash Flow
$3,152 income − $5,147 expenses = $1,995 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,618
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,152
Total Expenses
$5,147
Mortgage P&I
116%
$3,650
Property Taxes
14%
$432
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0