This property looks like a bad Long-Term investment with a projected -18.64% first-year return on $142k initial cash invested.
-18.64%
Cash On Cash
2.61%
Cap Rate
0.41
DSCR
$2,323
Rent
-$2,202
Cashflow
Cash Flow
$2,323 income − $4,525 expenses = $2,202 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,323
Total Expenses
$4,525
Mortgage P&I
153%
$3,552
Property Taxes
6%
$134
Home Insurance
10%
$236
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0