This property looks like a bad Long-Term investment with a projected -12.08% first-year return on $141k initial cash invested.
-12.08%
Cash On Cash
4.34%
Cap Rate
0.67
DSCR
$4,065
Rent
-$1,418
Cashflow
Cash Flow
$4,065 income − $5,483 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,707
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,065
Total Expenses
$5,483
Mortgage P&I
90%
$3,643
Property Taxes
13%
$541
Home Insurance
6%
$243
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0