This property looks like a bad Long-Term investment with a projected -24.26% first-year return on $141k initial cash invested.
-24.26%
Cash On Cash
1.7%
Cap Rate
0.26
DSCR
$2,381
Rent
-$2,855
Cashflow
Cash Flow
$2,381 income − $5,236 expenses = $2,855 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,726
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,381
Total Expenses
$5,236
Mortgage P&I
155%
$3,687
Property Taxes
31%
$738
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0