This property looks like a bad Long-Term investment with a projected -24% first-year return on $144k initial cash invested.
-24%
Cash On Cash
1.6%
Cap Rate
0.25
DSCR
$3,159
Rent
-$2,875
Cashflow
Cash Flow
$3,159 income − $6,034 expenses = $2,875 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,159
Total Expenses
$6,034
Mortgage P&I
115%
$3,628
Property Taxes
42%
$1,314
Home Insurance
8%
$262
HOA
0%
$8
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0