This property looks like a bad Long-Term investment with a projected -18.29% first-year return on $143k initial cash invested.
-18.29%
Cash On Cash
2.77%
Cap Rate
0.44
DSCR
$3,078
Rent
-$2,186
Cashflow
Cash Flow
$3,078 income − $5,264 expenses = $2,186 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$137k
Closing costs
1%
$6,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,078
Total Expenses
$5,264
Mortgage P&I
117%
$3,611
Property Taxes
20%
$607
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0