This property looks like a bad Long-Term investment with a projected -19.32% first-year return on $142k initial cash invested.
-19.32%
Cash On Cash
2.51%
Cap Rate
0.4
DSCR
$2,772
Rent
-$2,280
Cashflow
Cash Flow
$2,772 income − $5,052 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,745
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,772
Total Expenses
$5,052
Mortgage P&I
128%
$3,550
Property Taxes
19%
$536
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0