This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $144k initial cash invested.
-16.19%
Cash On Cash
2.96%
Cap Rate
0.48
DSCR
$2,807
Rent
-$1,947
Cashflow
Cash Flow
$2,807 income − $4,754 expenses = $1,947 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,807
Total Expenses
$4,754
Mortgage P&I
125%
$3,502
Property Taxes
9%
$242
Home Insurance
9%
$252
HOA
1%
$29
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0