This property looks like a bad Long-Term investment with a projected -16.12% first-year return on $142k initial cash invested.
-16.12%
Cash On Cash
3.33%
Cap Rate
0.52
DSCR
$3,577
Rent
-$1,904
Cashflow
Cash Flow
$3,577 income − $5,481 expenses = $1,904 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,577
Total Expenses
$5,481
Mortgage P&I
101%
$3,600
Property Taxes
20%
$714
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0