This property looks like a bad Long-Term investment with a projected -23.25% first-year return on $141k initial cash invested.
-23.25%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$2,164
Rent
-$2,739
Cashflow
Cash Flow
$2,164 income − $4,903 expenses = $2,739 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$135k
Closing costs
1%
$6,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,164
Total Expenses
$4,903
Mortgage P&I
170%
$3,679
Property Taxes
18%
$379
Home Insurance
11%
$245
HOA
2%
$38
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0