This property looks like a bad Long-Term investment with a projected -19.11% first-year return on $143k initial cash invested.
-19.11%
Cash On Cash
2.23%
Cap Rate
0.37
DSCR
$2,227
Rent
-$2,277
Cashflow
Cash Flow
$2,227 income − $4,504 expenses = $2,277 out of pocket
Investment Breakdown
|
Purchase Price
$681k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,227
Total Expenses
$4,504
Mortgage P&I
154%
$3,431
Property Taxes
11%
$235
Home Insurance
11%
$245
HOA
1%
$14
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0