This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $144k initial cash invested.
-13.22%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$3,304
Rent
-$1,583
Cashflow
Cash Flow
$3,304 income − $4,887 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,842
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,304
Total Expenses
$4,887
Mortgage P&I
115%
$3,784
Property Taxes
0%
$5
Home Insurance
7%
$240
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0