This property looks like a bad Long-Term investment with a projected -27.01% first-year return on $142k initial cash invested.
-27.01%
Cash On Cash
1.08%
Cap Rate
0.16
DSCR
$1,554
Rent
-$3,191
Cashflow
Cash Flow
$1,554 income − $4,745 expenses = $3,191 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,554
Total Expenses
$4,745
Mortgage P&I
240%
$3,723
Property Taxes
25%
$382
Home Insurance
15%
$236
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0