This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $142k initial cash invested.
-13.29%
Cash On Cash
4.1%
Cap Rate
0.63
DSCR
$4,303
Rent
-$1,576
Cashflow
Cash Flow
$4,303 income − $5,879 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$136k
Closing costs
1%
$6,778
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,303
Total Expenses
$5,879
Mortgage P&I
85%
$3,674
Property Taxes
20%
$842
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$430
CapEx
5%
$215
Vacancy
6%
$258
Maintenance
5%
$215
Other
0%
$0