This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $144k initial cash invested.
-16.3%
Cash On Cash
3.33%
Cap Rate
0.52
DSCR
$3,544
Rent
-$1,953
Cashflow
Cash Flow
$3,544 income − $5,497 expenses = $1,953 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,544
Total Expenses
$5,497
Mortgage P&I
104%
$3,679
Property Taxes
18%
$654
Home Insurance
7%
$243
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0