This property looks like a bad Long-Term investment with a projected -17.76% first-year return on $143k initial cash invested.
-17.76%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$3,357
Rent
-$2,113
Cashflow
Cash Flow
$3,357 income − $5,470 expenses = $2,113 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,357
Total Expenses
$5,470
Mortgage P&I
111%
$3,736
Property Taxes
19%
$623
Home Insurance
7%
$238
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0