This property looks like a bad Long-Term investment with a projected -21% first-year return on $143k initial cash invested.
-21%
Cash On Cash
2.23%
Cap Rate
0.35
DSCR
$2,549
Rent
-$2,506
Cashflow
Cash Flow
$2,549 income − $5,055 expenses = $2,506 out of pocket
Investment Breakdown
|
Purchase Price
$682k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,818
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,549
Total Expenses
$5,055
Mortgage P&I
143%
$3,647
Property Taxes
19%
$485
Home Insurance
9%
$240
HOA
1%
$21
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0