This property looks like a bad Long-Term investment with a projected -18.99% first-year return on $142k initial cash invested.
-18.99%
Cash On Cash
2.58%
Cap Rate
0.41
DSCR
$2,793
Rent
-$2,243
Cashflow
Cash Flow
$2,793 income − $5,036 expenses = $2,243 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%
$6,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,793
Total Expenses
$5,036
Mortgage P&I
127%
$3,552
Property Taxes
19%
$521
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0