This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $144k initial cash invested.
-16.83%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$3,421
Rent
-$2,018
Cashflow
Cash Flow
$3,421 income − $5,439 expenses = $2,018 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,421
Total Expenses
$5,439
Mortgage P&I
106%
$3,636
Property Taxes
20%
$674
Home Insurance
7%
$240
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0