This property looks like a bad Long-Term investment with a projected -16.27% first-year return on $142k initial cash invested.
-16.27%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$3,563
Rent
-$1,922
Cashflow
Cash Flow
$3,563 income − $5,485 expenses = $1,922 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,563
Total Expenses
$5,485
Mortgage P&I
103%
$3,665
Property Taxes
18%
$658
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0