This property looks like a bad Long-Term investment with a projected -22.29% first-year return on $142k initial cash invested.
-22.29%
Cash On Cash
1.59%
Cap Rate
0.26
DSCR
$1,927
Rent
-$2,638
Cashflow
Cash Flow
$1,927 income − $4,565 expenses = $2,638 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,927
Total Expenses
$4,565
Mortgage P&I
179%
$3,440
Property Taxes
14%
$262
Home Insurance
13%
$245
HOA
6%
$117
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0