This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $142k initial cash invested.
-17.05%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$3,023
Rent
-$2,014
Cashflow
Cash Flow
$3,023 income − $5,037 expenses = $2,014 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
$3,023
Total Expenses
$5,037
Mortgage P&I
120%
$3,638
Property Taxes
6%
$195
Home Insurance
8%
$236
HOA
6%
$183
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0