This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $143k initial cash invested.
-16.39%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$3,164
Rent
-$1,957
Cashflow
Cash Flow
$3,164 income − $5,121 expenses = $1,957 out of pocket
Investment Breakdown
|
Purchase Price
$682k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,824
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,164
Total Expenses
$5,121
Mortgage P&I
117%
$3,690
Property Taxes
12%
$364
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0