This property looks like a bad Long-Term investment with a projected -21.95% first-year return on $142k initial cash invested.
-21.95%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$2,677
Rent
-$2,591
Cashflow
Cash Flow
$2,677 income − $5,268 expenses = $2,591 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,744
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,677
Total Expenses
$5,268
Mortgage P&I
133%
$3,568
Property Taxes
28%
$762
Home Insurance
9%
$241
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0