This property looks like a bad Long-Term investment with a projected -20.86% first-year return on $141k initial cash invested.
-20.86%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$2,324
Rent
-$2,449
Cashflow
Cash Flow
$2,324 income − $4,773 expenses = $2,449 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,324
Total Expenses
$4,773
Mortgage P&I
158%
$3,668
Property Taxes
7%
$155
Home Insurance
11%
$247
HOA
4%
$100
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0