This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $141k initial cash invested.
-17.62%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$3,308
Rent
-$2,073
Cashflow
Cash Flow
$3,308 income − $5,381 expenses = $2,073 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,721
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,308
Total Expenses
$5,381
Mortgage P&I
112%
$3,713
Property Taxes
17%
$564
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0