This property looks like a bad Long-Term investment with a projected -19.48% first-year return on $142k initial cash invested.
-19.48%
Cash On Cash
2.6%
Cap Rate
0.4
DSCR
$2,669
Rent
-$2,301
Cashflow
Cash Flow
$2,669 income − $4,970 expenses = $2,301 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,669
Total Expenses
$4,970
Mortgage P&I
136%
$3,630
Property Taxes
15%
$403
Home Insurance
9%
$244
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0