This property looks like a bad Long-Term investment with a projected -15.97% first-year return on $142k initial cash invested.
-15.97%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$3,247
Rent
-$1,886
Cashflow
Cash Flow
$3,247 income − $5,133 expenses = $1,886 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%
$6,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,247
Total Expenses
$5,133
Mortgage P&I
106%
$3,427
Property Taxes
19%
$626
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0