This property looks like a bad Long-Term investment with a projected -8.18% first-year return on $141k initial cash invested.
-8.18%
Cash On Cash
4.77%
Cap Rate
0.78
DSCR
$4,329
Rent
-$959
Cashflow
Cash Flow
$4,329 income − $5,288 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,329
Total Expenses
$5,288
Mortgage P&I
79%
$3,402
Property Taxes
12%
$530
Home Insurance
5%
$231
HOA
0%
$0
Property Management
10%
$433
CapEx
5%
$216
Vacancy
6%
$260
Maintenance
5%
$216
Other
0%
$0