This property looks like a bad Long-Term investment with a projected -19.26% first-year return on $141k initial cash invested.
-19.26%
Cash On Cash
2.37%
Cap Rate
0.39
DSCR
$2,960
Rent
-$2,258
Cashflow
Cash Flow
$2,960 income − $5,218 expenses = $2,258 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,960
Total Expenses
$5,218
Mortgage P&I
116%
$3,431
Property Taxes
26%
$783
Home Insurance
8%
$234
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0