This property looks like a bad Long-Term investment with a projected -19.49% first-year return on $141k initial cash invested.
-19.49%
Cash On Cash
2.2%
Cap Rate
0.36
DSCR
$2,082
Rent
-$2,297
Cashflow
Cash Flow
$2,082 income − $4,379 expenses = $2,297 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,733
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,082
Total Expenses
$4,379
Mortgage P&I
165%
$3,430
Property Taxes
8%
$163
Home Insurance
12%
$245
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0