This property looks like a bad Long-Term investment with a projected -24.61% first-year return on $141k initial cash invested.
-24.61%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$2,100
Rent
-$2,886
Cashflow
Cash Flow
$2,100 income − $4,986 expenses = $2,886 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,100
Total Expenses
$4,986
Mortgage P&I
174%
$3,648
Property Taxes
27%
$558
Home Insurance
11%
$234
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0