This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $144k initial cash invested.
-11.8%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$3,422
Rent
-$1,416
Cashflow
Cash Flow
$3,422 income − $4,838 expenses = $1,416 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,858
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,422
Total Expenses
$4,838
Mortgage P&I
103%
$3,516
Property Taxes
5%
$181
Home Insurance
7%
$252
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0