This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $141k initial cash invested.
-14.16%
Cash On Cash
3.6%
Cap Rate
0.58
DSCR
$3,708
Rent
-$1,662
Cashflow
Cash Flow
$3,708 income − $5,370 expenses = $1,662 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,708
Total Expenses
$5,370
Mortgage P&I
94%
$3,487
Property Taxes
18%
$682
Home Insurance
6%
$238
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0