This property looks like a bad Long-Term investment with a projected -22.62% first-year return on $142k initial cash invested.
-22.62%
Cash On Cash
2.21%
Cap Rate
0.33
DSCR
$2,728
Rent
-$2,672
Cashflow
Cash Flow
$2,728 income − $5,400 expenses = $2,672 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,728
Total Expenses
$5,400
Mortgage P&I
139%
$3,779
Property Taxes
25%
$676
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0