This property looks like a bad Long-Term investment with a projected -17.94% first-year return on $144k initial cash invested.
-17.94%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$4,272
Rent
-$2,159
Cashflow
Cash Flow
$4,272 income − $6,431 expenses = $2,159 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$138k
Closing costs
1%
$6,876
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,272
Total Expenses
$6,431
Mortgage P&I
87%
$3,715
Property Taxes
30%
$1,290
Home Insurance
7%
$315
HOA
0%
$0
Property Management
10%
$427
CapEx
5%
$214
Vacancy
6%
$256
Maintenance
5%
$214
Other
0%
$0