This property looks like a bad Long-Term investment with a projected -20.9% first-year return on $141k initial cash invested.
-20.9%
Cash On Cash
2.59%
Cap Rate
0.38
DSCR
$2,644
Rent
-$2,454
Cashflow
Cash Flow
$2,644 income − $5,098 expenses = $2,454 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$5,098
Mortgage P&I
143%
$3,772
Property Taxes
15%
$403
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0