This property looks like a bad Long-Term investment with a projected -19.02% first-year return on $141k initial cash invested.
-19.02%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$2,696
Rent
-$2,230
Cashflow
Cash Flow
$2,696 income − $4,926 expenses = $2,230 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%
$6,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,696
Total Expenses
$4,926
Mortgage P&I
135%
$3,626
Property Taxes
12%
$320
Home Insurance
9%
$236
HOA
2%
$42
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0