This property looks like a bad Long-Term investment with a projected -18.5% first-year return on $142k initial cash invested.
-18.5%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$2,833
Rent
-$2,185
Cashflow
Cash Flow
$2,833 income − $5,018 expenses = $2,185 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,833
Total Expenses
$5,018
Mortgage P&I
127%
$3,604
Property Taxes
13%
$354
Home Insurance
8%
$236
HOA
3%
$87
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0