This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $141k initial cash invested.
-16.73%
Cash On Cash
3.19%
Cap Rate
0.5
DSCR
$3,430
Rent
-$1,967
Cashflow
Cash Flow
$3,430 income − $5,397 expenses = $1,967 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,717
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,430
Total Expenses
$5,397
Mortgage P&I
104%
$3,583
Property Taxes
20%
$676
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0