This property looks like a bad Long-Term investment with a projected -11.45% first-year return on $141k initial cash invested.
-11.45%
Cash On Cash
3.93%
Cap Rate
0.65
DSCR
$3,622
Rent
-$1,349
Cashflow
Cash Flow
$3,622 income − $4,971 expenses = $1,349 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,733
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,622
Total Expenses
$4,971
Mortgage P&I
93%
$3,371
Property Taxes
11%
$405
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0