This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $141k initial cash invested.
-15.3%
Cash On Cash
3.41%
Cap Rate
0.54
DSCR
$3,495
Rent
-$1,800
Cashflow
Cash Flow
$3,495 income − $5,295 expenses = $1,800 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,722
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,495
Total Expenses
$5,295
Mortgage P&I
101%
$3,537
Property Taxes
18%
$617
Home Insurance
7%
$231
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0