This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $142k initial cash invested.
-16.14%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$3,272
Rent
-$1,907
Cashflow
Cash Flow
$3,272 income − $5,179 expenses = $1,907 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,272
Total Expenses
$5,179
Mortgage P&I
113%
$3,692
Property Taxes
9%
$300
Home Insurance
7%
$236
HOA
3%
$100
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0