This property looks like a bad Long-Term investment with a projected -19.35% first-year return on $141k initial cash invested.
-19.35%
Cash On Cash
2.8%
Cap Rate
0.42
DSCR
$2,775
Rent
-$2,280
Cashflow
Cash Flow
$2,775 income − $5,055 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,734
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,775
Total Expenses
$5,055
Mortgage P&I
134%
$3,714
Property Taxes
7%
$182
Home Insurance
9%
$254
HOA
7%
$183
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0