This property looks like a bad Long-Term investment with a projected -16.47% first-year return on $141k initial cash invested.
-16.47%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$3,120
Rent
-$1,942
Cashflow
Cash Flow
$3,120 income − $5,062 expenses = $1,942 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,120
Total Expenses
$5,062
Mortgage P&I
116%
$3,630
Property Taxes
13%
$406
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0