This property looks like a bad Long-Term investment with a projected -17.94% first-year return on $142k initial cash invested.
-17.94%
Cash On Cash
2.52%
Cap Rate
0.42
DSCR
$2,926
Rent
-$2,122
Cashflow
Cash Flow
$2,926 income − $5,048 expenses = $2,122 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,759
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,926
Total Expenses
$5,048
Mortgage P&I
116%
$3,396
Property Taxes
11%
$325
Home Insurance
8%
$245
HOA
11%
$321
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0