This property looks like a bad Long-Term investment with a projected -17.02% first-year return on $142k initial cash invested.
-17.02%
Cash On Cash
2.76%
Cap Rate
0.46
DSCR
$3,005
Rent
-$2,011
Cashflow
Cash Flow
$3,005 income − $5,016 expenses = $2,011 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
$3,005
Total Expenses
$5,016
Mortgage P&I
114%
$3,416
Property Taxes
19%
$584
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0