This property looks like a bad Long-Term investment with a projected -15.32% first-year return on $142k initial cash invested.
-15.32%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$3,617
Rent
-$1,812
Cashflow
Cash Flow
$3,617 income − $5,429 expenses = $1,812 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,758
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,617
Total Expenses
$5,429
Mortgage P&I
101%
$3,661
Property Taxes
16%
$589
Home Insurance
7%
$238
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0