This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $141k initial cash invested.
-13.76%
Cash On Cash
3.52%
Cap Rate
0.58
DSCR
$3,897
Rent
-$1,619
Cashflow
Cash Flow
$3,897 income − $5,516 expenses = $1,619 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,722
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,897
Total Expenses
$5,516
Mortgage P&I
87%
$3,398
Property Taxes
23%
$884
Home Insurance
6%
$220
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0