This property looks like a bad Long-Term investment with a projected -19.98% first-year return on $142k initial cash invested.
-19.98%
Cash On Cash
2.51%
Cap Rate
0.39
DSCR
$2,692
Rent
-$2,367
Cashflow
Cash Flow
$2,692 income − $5,059 expenses = $2,367 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,692
Total Expenses
$5,059
Mortgage P&I
136%
$3,649
Property Taxes
18%
$472
Home Insurance
9%
$237
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0