This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $141k initial cash invested.
-15.01%
Cash On Cash
3.78%
Cap Rate
0.57
DSCR
$3,838
Rent
-$1,767
Cashflow
Cash Flow
$3,838 income − $5,605 expenses = $1,767 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,728
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,838
Total Expenses
$5,605
Mortgage P&I
96%
$3,697
Property Taxes
18%
$672
Home Insurance
6%
$238
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0