This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $142k initial cash invested.
-15.25%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$3,356
Rent
-$1,801
Cashflow
Cash Flow
$3,356 income − $5,157 expenses = $1,801 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,356
Total Expenses
$5,157
Mortgage P&I
102%
$3,415
Property Taxes
19%
$633
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0