This property looks like a bad Long-Term investment with a projected -19.63% first-year return on $144k initial cash invested.
-19.63%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$2,993
Rent
-$2,359
Cashflow
Cash Flow
$2,993 income − $5,352 expenses = $2,359 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,993
Total Expenses
$5,352
Mortgage P&I
126%
$3,781
Property Taxes
18%
$530
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0