This property looks like a bad Long-Term investment with a projected -26.93% first-year return on $141k initial cash invested.
-26.93%
Cash On Cash
0.98%
Cap Rate
0.15
DSCR
$1,705
Rent
-$3,166
Cashflow
Cash Flow
$1,705 income − $4,871 expenses = $3,166 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,719
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,705
Total Expenses
$4,871
Mortgage P&I
213%
$3,629
Property Taxes
15%
$249
Home Insurance
32%
$551
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0