This property looks like a bad Long-Term investment with a projected -23.66% first-year return on $142k initial cash invested.
-23.66%
Cash On Cash
1.68%
Cap Rate
0.26
DSCR
$2,093
Rent
-$2,795
Cashflow
Cash Flow
$2,093 income − $4,888 expenses = $2,795 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
$2,093
Total Expenses
$4,888
Mortgage P&I
174%
$3,636
Property Taxes
23%
$471
Home Insurance
11%
$236
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0