This property looks like a bad Long-Term investment with a projected -12.68% first-year return on $141k initial cash invested.
-12.68%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$3,770
Rent
-$1,491
Cashflow
Cash Flow
$3,770 income − $5,261 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,718
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,770
Total Expenses
$5,261
Mortgage P&I
95%
$3,594
Property Taxes
12%
$450
Home Insurance
6%
$238
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0