This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $141k initial cash invested.
-15.55%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$3,336
Rent
-$1,823
Cashflow
Cash Flow
$3,336 income − $5,159 expenses = $1,823 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,336
Total Expenses
$5,159
Mortgage P&I
110%
$3,656
Property Taxes
12%
$395
Home Insurance
7%
$240
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0