This property looks like a bad Long-Term investment with a projected -23.95% first-year return on $142k initial cash invested.
-23.95%
Cash On Cash
1.18%
Cap Rate
0.19
DSCR
$1,306
Rent
-$2,829
Cashflow
Cash Flow
$1,306 income − $4,135 expenses = $2,829 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,306
Total Expenses
$4,135
Mortgage P&I
262%
$3,425
Property Taxes
10%
$135
Home Insurance
18%
$236
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0