This property looks like a bad Long-Term investment with a projected -21.7% first-year return on $142k initial cash invested.
-21.7%
Cash On Cash
2%
Cap Rate
0.32
DSCR
$2,731
Rent
-$2,563
Cashflow
Cash Flow
$2,731 income − $5,294 expenses = $2,563 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,731
Total Expenses
$5,294
Mortgage P&I
130%
$3,551
Property Taxes
28%
$767
Home Insurance
9%
$236
HOA
1%
$29
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0