This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $143k initial cash invested.
-17.09%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$2,779
Rent
-$2,031
Cashflow
Cash Flow
$2,779 income − $4,810 expenses = $2,031 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,779
Total Expenses
$4,810
Mortgage P&I
132%
$3,663
Property Taxes
5%
$129
Home Insurance
9%
$262
HOA
1%
$33
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0