This property looks like a bad Long-Term investment with a projected -19.98% first-year return on $142k initial cash invested.
-19.98%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$3,004
Rent
-$2,368
Cashflow
Cash Flow
$3,004 income − $5,372 expenses = $2,368 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,772
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,004
Total Expenses
$5,372
Mortgage P&I
124%
$3,712
Property Taxes
21%
$635
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0