This property looks like a bad Long-Term investment with a projected -12.76% first-year return on $142k initial cash invested.
-12.76%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$3,314
Rent
-$1,507
Cashflow
Cash Flow
$3,314 income − $4,821 expenses = $1,507 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,314
Total Expenses
$4,821
Mortgage P&I
104%
$3,448
Property Taxes
8%
$275
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0