This property looks like a bad Long-Term investment with a projected -18.47% first-year return on $141k initial cash invested.
-18.47%
Cash On Cash
2.44%
Cap Rate
0.4
DSCR
$2,376
Rent
-$2,166
Cashflow
Cash Flow
$2,376 income − $4,542 expenses = $2,166 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$134k
Closing costs
1%
$6,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,376
Total Expenses
$4,542
Mortgage P&I
143%
$3,407
Property Taxes
12%
$282
Home Insurance
10%
$234
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0