This property looks like a bad Long-Term investment with a projected -19.47% first-year return on $141k initial cash invested.
-19.47%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$2,591
Rent
-$2,286
Cashflow
Cash Flow
$2,591 income − $4,877 expenses = $2,286 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,591
Total Expenses
$4,877
Mortgage P&I
141%
$3,666
Property Taxes
11%
$292
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0