This property looks like a bad Long-Term investment with a projected -21.52% first-year return on $141k initial cash invested.
-21.52%
Cash On Cash
2.11%
Cap Rate
0.33
DSCR
$2,602
Rent
-$2,528
Cashflow
Cash Flow
$2,602 income − $5,130 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,602
Total Expenses
$5,130
Mortgage P&I
138%
$3,580
Property Taxes
24%
$629
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0