This property looks like a bad Long-Term investment with a projected -10.97% first-year return on $143k initial cash invested.
-10.97%
Cash On Cash
4.62%
Cap Rate
0.71
DSCR
$4,453
Rent
-$1,304
Cashflow
Cash Flow
$4,453 income − $5,757 expenses = $1,304 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,453
Total Expenses
$5,757
Mortgage P&I
83%
$3,693
Property Taxes
15%
$668
Home Insurance
5%
$238
HOA
0%
$0
Property Management
10%
$445
CapEx
5%
$223
Vacancy
6%
$267
Maintenance
5%
$223
Other
0%
$0