This property looks like a bad Long-Term investment with a projected -17.38% first-year return on $144k initial cash invested.
-17.38%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$3,128
Rent
-$2,082
Cashflow
Cash Flow
$3,128 income − $5,210 expenses = $2,082 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,128
Total Expenses
$5,210
Mortgage P&I
120%
$3,757
Property Taxes
13%
$397
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0