This property looks like a bad Long-Term investment with a projected -23.51% first-year return on $142k initial cash invested.
-23.51%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$2,431
Rent
-$2,777
Cashflow
Cash Flow
$2,431 income − $5,208 expenses = $2,777 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,431
Total Expenses
$5,208
Mortgage P&I
143%
$3,473
Property Taxes
35%
$846
Home Insurance
10%
$236
HOA
1%
$20
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0