This property looks like a bad Long-Term investment with a projected -16.04% first-year return on $142k initial cash invested.
-16.04%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$2,748
Rent
-$1,903
Cashflow
Cash Flow
$2,748 income − $4,651 expenses = $1,903 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$136k
Closing costs
1%
$6,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,748
Total Expenses
$4,651
Mortgage P&I
126%
$3,451
Property Taxes
9%
$241
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0