This property looks like a bad Long-Term investment with a projected -20.09% first-year return on $142k initial cash invested.
-20.09%
Cash On Cash
2.31%
Cap Rate
0.37
DSCR
$3,093
Rent
-$2,373
Cashflow
Cash Flow
$3,093 income − $5,466 expenses = $2,373 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%
$6,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,093
Total Expenses
$5,466
Mortgage P&I
114%
$3,519
Property Taxes
29%
$906
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0