This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $144k initial cash invested.
-20.46%
Cash On Cash
2.67%
Cap Rate
0.4
DSCR
$2,788
Rent
-$2,450
Cashflow
Cash Flow
$2,788 income − $5,238 expenses = $2,450 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,788
Total Expenses
$5,238
Mortgage P&I
137%
$3,831
Property Taxes
16%
$435
Home Insurance
9%
$245
HOA
0%
$3
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0