This property looks like a bad Long-Term investment with a projected -18.22% first-year return on $144k initial cash invested.
-18.22%
Cash On Cash
3.06%
Cap Rate
0.46
DSCR
$3,139
Rent
-$2,184
Cashflow
Cash Flow
$3,139 income − $5,323 expenses = $2,184 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,139
Total Expenses
$5,323
Mortgage P&I
120%
$3,776
Property Taxes
16%
$491
Home Insurance
8%
$240
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0