This property looks like a bad Long-Term investment with a projected -7.09% first-year return on $141k initial cash invested.
-7.09%
Cash On Cash
5.01%
Cap Rate
0.82
DSCR
$4,676
Rent
-$831
Cashflow
Cash Flow
$4,676 income − $5,507 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,676
Total Expenses
$5,507
Mortgage P&I
73%
$3,394
Property Taxes
14%
$655
Home Insurance
5%
$241
HOA
0%
$0
Property Management
10%
$468
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0