This property looks like a bad Long-Term investment with a projected -4.37% first-year return on $141k initial cash invested.
-4.37%
Cash On Cash
5.69%
Cap Rate
0.92
DSCR
$4,958
Rent
-$515
Cashflow
Cash Flow
$4,958 income − $5,473 expenses = $515 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,958
Total Expenses
$5,473
Mortgage P&I
70%
$3,462
Property Taxes
10%
$477
Home Insurance
5%
$245
HOA
0%
$0
Property Management
10%
$496
CapEx
5%
$248
Vacancy
6%
$297
Maintenance
5%
$248
Other
0%
$0