This property looks like a bad Long-Term investment with a projected -18.84% first-year return on $141k initial cash invested.
-18.84%
Cash On Cash
2.75%
Cap Rate
0.43
DSCR
$3,739
Rent
-$2,215
Cashflow
Cash Flow
$3,739 income − $5,954 expenses = $2,215 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,718
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,739
Total Expenses
$5,954
Mortgage P&I
95%
$3,566
Property Taxes
26%
$974
Home Insurance
9%
$350
HOA
2%
$92
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0