This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $141k initial cash invested.
-15.98%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$3,368
Rent
-$1,880
Cashflow
Cash Flow
$3,368 income − $5,248 expenses = $1,880 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%
$6,721
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,368
Total Expenses
$5,248
Mortgage P&I
108%
$3,649
Property Taxes
14%
$483
Home Insurance
7%
$241
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0