This property looks like a bad Long-Term investment with a projected -22.31% first-year return on $142k initial cash invested.
-22.31%
Cash On Cash
1.8%
Cap Rate
0.29
DSCR
$2,138
Rent
-$2,649
Cashflow
Cash Flow
$2,138 income − $4,787 expenses = $2,649 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$136k
Closing costs
1%
$6,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,138
Total Expenses
$4,787
Mortgage P&I
166%
$3,558
Property Taxes
9%
$183
Home Insurance
23%
$490
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0