This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $142k initial cash invested.
-13.42%
Cash On Cash
4.18%
Cap Rate
0.63
DSCR
$3,709
Rent
-$1,592
Cashflow
Cash Flow
$3,709 income − $5,301 expenses = $1,592 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$136k
Closing costs
1%
$6,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,709
Total Expenses
$5,301
Mortgage P&I
102%
$3,768
Property Taxes
9%
$326
Home Insurance
7%
$243
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$223
Maintenance
5%
$185
Other
0%
$0