This property looks like a bad Long-Term investment with a projected -15.59% first-year return on $143k initial cash invested.
-15.59%
Cash On Cash
3.47%
Cap Rate
0.54
DSCR
$3,243
Rent
-$1,855
Cashflow
Cash Flow
$3,243 income − $5,098 expenses = $1,855 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,243
Total Expenses
$5,098
Mortgage P&I
113%
$3,661
Property Taxes
10%
$316
Home Insurance
7%
$238
HOA
1%
$40
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0