This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $142k initial cash invested.
-12.55%
Cash On Cash
3.72%
Cap Rate
0.62
DSCR
$3,590
Rent
-$1,482
Cashflow
Cash Flow
$3,590 income − $5,072 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,590
Total Expenses
$5,072
Mortgage P&I
94%
$3,392
Property Taxes
14%
$510
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$215
Maintenance
5%
$180
Other
0%
$0