This property looks like a bad Long-Term investment with a projected -21.41% first-year return on $143k initial cash invested.
-21.41%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$2,252
Rent
-$2,544
Cashflow
Cash Flow
$2,252 income − $4,796 expenses = $2,544 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,252
Total Expenses
$4,796
Mortgage P&I
170%
$3,832
Property Taxes
6%
$140
Home Insurance
11%
$238
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0