This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $142k initial cash invested.
-16.73%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$3,570
Rent
-$1,976
Cashflow
Cash Flow
$3,570 income − $5,546 expenses = $1,976 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
$3,570
Total Expenses
$5,546
Mortgage P&I
102%
$3,641
Property Taxes
12%
$422
Home Insurance
7%
$236
HOA
9%
$320
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0