This property looks like a bad Long-Term investment with a projected -12.78% first-year return on $142k initial cash invested.
-12.78%
Cash On Cash
4.17%
Cap Rate
0.64
DSCR
$3,997
Rent
-$1,508
Cashflow
Cash Flow
$3,997 income − $5,505 expenses = $1,508 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%
$6,745
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,997
Total Expenses
$5,505
Mortgage P&I
91%
$3,653
Property Taxes
14%
$576
Home Insurance
6%
$236
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0