This property looks like a bad Long-Term investment with a projected -23.12% first-year return on $142k initial cash invested.
-23.12%
Cash On Cash
1.61%
Cap Rate
0.25
DSCR
$1,522
Rent
-$2,731
Cashflow
Cash Flow
$1,522 income − $4,253 expenses = $2,731 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,522
Total Expenses
$4,253
Mortgage P&I
234%
$3,560
Property Taxes
4%
$62
Home Insurance
16%
$236
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0