This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $142k initial cash invested.
-16.25%
Cash On Cash
2.99%
Cap Rate
0.48
DSCR
$2,648
Rent
-$1,920
Cashflow
Cash Flow
$2,648 income − $4,568 expenses = $1,920 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,648
Total Expenses
$4,568
Mortgage P&I
131%
$3,470
Property Taxes
7%
$174
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0