This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $142k initial cash invested.
-20.24%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$2,624
Rent
-$2,392
Cashflow
Cash Flow
$2,624 income − $5,016 expenses = $2,392 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,752
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,624
Total Expenses
$5,016
Mortgage P&I
141%
$3,690
Property Taxes
15%
$400
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0