This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $143k initial cash invested.
-14.03%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$3,773
Rent
-$1,669
Cashflow
Cash Flow
$3,773 income − $5,442 expenses = $1,669 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,773
Total Expenses
$5,442
Mortgage P&I
98%
$3,700
Property Taxes
14%
$523
Home Insurance
6%
$238
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$189
Vacancy
6%
$226
Maintenance
5%
$189
Other
0%
$0