This property looks like a bad Long-Term investment with a projected -16.81% first-year return on $143k initial cash invested.
-16.81%
Cash On Cash
2.83%
Cap Rate
0.46
DSCR
$2,660
Rent
-$2,007
Cashflow
Cash Flow
$2,660 income − $4,667 expenses = $2,007 out of pocket
Investment Breakdown
|
Purchase Price
$682k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$4,667
Mortgage P&I
131%
$3,481
Property Taxes
9%
$237
Home Insurance
9%
$245
HOA
0%
$12
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0