This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $144k initial cash invested.
-17.81%
Cash On Cash
2.85%
Cap Rate
0.45
DSCR
$3,097
Rent
-$2,134
Cashflow
Cash Flow
$3,097 income − $5,231 expenses = $2,134 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,097
Total Expenses
$5,231
Mortgage P&I
116%
$3,604
Property Taxes
19%
$576
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0