This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $142k initial cash invested.
-19.5%
Cash On Cash
2.59%
Cap Rate
0.4
DSCR
$2,718
Rent
-$2,304
Cashflow
Cash Flow
$2,718 income − $5,022 expenses = $2,304 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,718
Total Expenses
$5,022
Mortgage P&I
133%
$3,623
Property Taxes
17%
$456
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0