This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $142k initial cash invested.
-18.15%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$3,034
Rent
-$2,144
Cashflow
Cash Flow
$3,034 income − $5,178 expenses = $2,144 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
$3,034
Total Expenses
$5,178
Mortgage P&I
121%
$3,680
Property Taxes
15%
$467
Home Insurance
8%
$242
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0