This property looks like a bad Long-Term investment with a projected -16.32% first-year return on $142k initial cash invested.
-16.32%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$3,713
Rent
-$1,932
Cashflow
Cash Flow
$3,713 income − $5,645 expenses = $1,932 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,764
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,713
Total Expenses
$5,645
Mortgage P&I
93%
$3,455
Property Taxes
27%
$991
Home Insurance
6%
$233
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0