This property looks like a bad Long-Term investment with a projected -22.2% first-year return on $142k initial cash invested.
-22.2%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$3,369
Rent
-$2,622
Cashflow
Cash Flow
$3,369 income − $5,991 expenses = $2,622 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%
$6,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,369
Total Expenses
$5,991
Mortgage P&I
109%
$3,675
Property Taxes
36%
$1,205
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0