This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $141k initial cash invested.
-12.6%
Cash On Cash
3.97%
Cap Rate
0.63
DSCR
$3,373
Rent
-$1,483
Cashflow
Cash Flow
$3,373 income − $4,856 expenses = $1,483 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,725
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,373
Total Expenses
$4,856
Mortgage P&I
105%
$3,537
Property Taxes
6%
$207
Home Insurance
7%
$235
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0