This property looks like a bad Long-Term investment with a projected -19.01% first-year return on $142k initial cash invested.
-19.01%
Cash On Cash
2.69%
Cap Rate
0.42
DSCR
$3,034
Rent
-$2,252
Cashflow
Cash Flow
$3,034 income − $5,286 expenses = $2,252 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,034
Total Expenses
$5,286
Mortgage P&I
119%
$3,619
Property Taxes
21%
$640
Home Insurance
8%
$238
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0