This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $142k initial cash invested.
-17.42%
Cash On Cash
2.68%
Cap Rate
0.44
DSCR
$2,966
Rent
-$2,056
Cashflow
Cash Flow
$2,966 income − $5,022 expenses = $2,056 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,746
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,966
Total Expenses
$5,022
Mortgage P&I
115%
$3,416
Property Taxes
19%
$568
Home Insurance
8%
$242
HOA
1%
$25
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0