This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $139k initial cash invested.
-14.2%
Cash On Cash
3.44%
Cap Rate
0.56
DSCR
$3,601
Rent
-$1,643
Cashflow
Cash Flow
$3,601 income − $5,244 expenses = $1,643 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,613
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,601
Total Expenses
$5,244
Mortgage P&I
93%
$3,361
Property Taxes
20%
$713
Home Insurance
7%
$234
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0