This property looks like a bad Long-Term investment with a projected -19.79% first-year return on $143k initial cash invested.
-19.79%
Cash On Cash
2.42%
Cap Rate
0.38
DSCR
$2,492
Rent
-$2,351
Cashflow
Cash Flow
$2,492 income − $4,843 expenses = $2,351 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,788
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,492
Total Expenses
$4,843
Mortgage P&I
144%
$3,596
Property Taxes
5%
$135
Home Insurance
10%
$238
HOA
9%
$225
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0