This property looks like a bad Long-Term investment with a projected -21.01% first-year return on $141k initial cash invested.
-21.01%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$2,582
Rent
-$2,475
Cashflow
Cash Flow
$2,582 income − $5,057 expenses = $2,475 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%
$6,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,582
Total Expenses
$5,057
Mortgage P&I
145%
$3,738
Property Taxes
14%
$353
Home Insurance
9%
$245
HOA
2%
$50
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0