This property looks like a bad Long-Term investment with a projected -22.24% first-year return on $142k initial cash invested.
-22.24%
Cash On Cash
1.83%
Cap Rate
0.29
DSCR
$2,119
Rent
-$2,624
Cashflow
Cash Flow
$2,119 income − $4,743 expenses = $2,624 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,741
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,119
Total Expenses
$4,743
Mortgage P&I
167%
$3,545
Property Taxes
19%
$404
Home Insurance
11%
$243
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0