This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $141k initial cash invested.
-14.68%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$3,146
Rent
-$1,724
Cashflow
Cash Flow
$3,146 income − $4,870 expenses = $1,724 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,146
Total Expenses
$4,870
Mortgage P&I
114%
$3,599
Property Taxes
8%
$238
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0