This property looks like a bad Long-Term investment with a projected -20.9% first-year return on $144k initial cash invested.
-20.9%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$3,125
Rent
-$2,509
Cashflow
Cash Flow
$3,125 income − $5,634 expenses = $2,509 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,859
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,125
Total Expenses
$5,634
Mortgage P&I
119%
$3,726
Property Taxes
21%
$653
Home Insurance
8%
$243
HOA
6%
$200
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0