This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $142k initial cash invested.
-14.16%
Cash On Cash
3.41%
Cap Rate
0.56
DSCR
$3,238
Rent
-$1,677
Cashflow
Cash Flow
$3,238 income − $4,915 expenses = $1,677 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,766
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,238
Total Expenses
$4,915
Mortgage P&I
106%
$3,439
Property Taxes
11%
$356
Home Insurance
8%
$245
HOA
1%
$33
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0