This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $142k initial cash invested.
-17.04%
Cash On Cash
2.92%
Cap Rate
0.47
DSCR
$3,005
Rent
-$2,013
Cashflow
Cash Flow
$3,005 income − $5,018 expenses = $2,013 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,005
Total Expenses
$5,018
Mortgage P&I
117%
$3,508
Property Taxes
16%
$494
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0