This property looks like a bad Long-Term investment with a projected -18.75% first-year return on $141k initial cash invested.
-18.75%
Cash On Cash
2.92%
Cap Rate
0.45
DSCR
$3,823
Rent
-$2,200
Cashflow
Cash Flow
$3,823 income − $6,023 expenses = $2,200 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%
$6,706
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,823
Total Expenses
$6,023
Mortgage P&I
95%
$3,640
Property Taxes
30%
$1,162
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0