This property looks like a bad Long-Term investment with a projected -19.63% first-year return on $143k initial cash invested.
-19.63%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$2,622
Rent
-$2,332
Cashflow
Cash Flow
$2,622 income − $4,954 expenses = $2,332 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,622
Total Expenses
$4,954
Mortgage P&I
144%
$3,777
Property Taxes
10%
$258
Home Insurance
9%
$238
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0