This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $144k initial cash invested.
-19.22%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$3,271
Rent
-$2,299
Cashflow
Cash Flow
$3,271 income − $5,570 expenses = $2,299 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,834
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,271
Total Expenses
$5,570
Mortgage P&I
106%
$3,459
Property Taxes
31%
$1,015
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0