This property looks like a bad Long-Term investment with a projected -21.89% first-year return on $142k initial cash invested.
-21.89%
Cash On Cash
2.18%
Cap Rate
0.33
DSCR
$2,582
Rent
-$2,586
Cashflow
Cash Flow
$2,582 income − $5,168 expenses = $2,586 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,582
Total Expenses
$5,168
Mortgage P&I
143%
$3,684
Property Taxes
22%
$577
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0