This property looks like a bad Long-Term investment with a projected -20.03% first-year return on $143k initial cash invested.
-20.03%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$2,832
Rent
-$2,395
Cashflow
Cash Flow
$2,832 income − $5,227 expenses = $2,395 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$137k
Closing costs
1%
$6,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,832
Total Expenses
$5,227
Mortgage P&I
131%
$3,697
Property Taxes
16%
$446
Home Insurance
9%
$254
HOA
3%
$93
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0