This property looks like a bad Long-Term investment with a projected -17.73% first-year return on $144k initial cash invested.
-17.73%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$2,983
Rent
-$2,130
Cashflow
Cash Flow
$2,983 income − $5,113 expenses = $2,130 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,865
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,983
Total Expenses
$5,113
Mortgage P&I
127%
$3,779
Property Taxes
11%
$315
Home Insurance
8%
$244
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0