This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $144k initial cash invested.
-17.36%
Cash On Cash
3.37%
Cap Rate
0.5
DSCR
$3,449
Rent
-$2,090
Cashflow
Cash Flow
$3,449 income − $5,539 expenses = $2,090 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$138k
Closing costs
1%
$6,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,449
Total Expenses
$5,539
Mortgage P&I
112%
$3,852
Property Taxes
16%
$546
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0