This property looks like a bad Long-Term investment with a projected -22.57% first-year return on $143k initial cash invested.
-22.57%
Cash On Cash
2.11%
Cap Rate
0.32
DSCR
$2,599
Rent
-$2,690
Cashflow
Cash Flow
$2,599 income − $5,289 expenses = $2,690 out of pocket
Investment Breakdown
|
Purchase Price
$681k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,812
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,599
Total Expenses
$5,289
Mortgage P&I
145%
$3,756
Property Taxes
24%
$612
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0