This property looks like a bad Long-Term investment with a projected -18.67% first-year return on $141k initial cash invested.
-18.67%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$3,399
Rent
-$2,198
Cashflow
Cash Flow
$3,399 income − $5,597 expenses = $2,198 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,399
Total Expenses
$5,597
Mortgage P&I
109%
$3,697
Property Taxes
23%
$778
Home Insurance
7%
$238
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0