This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $141k initial cash invested.
-11.46%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$3,660
Rent
-$1,344
Cashflow
Cash Flow
$3,660 income − $5,004 expenses = $1,344 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,660
Total Expenses
$5,004
Mortgage P&I
100%
$3,648
Property Taxes
2%
$74
Home Insurance
7%
$242
HOA
2%
$88
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0