This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $143k initial cash invested.
-8.97%
Cash On Cash
4.73%
Cap Rate
0.76
DSCR
$4,444
Rent
-$1,067
Cashflow
Cash Flow
$4,444 income − $5,511 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,796
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,444
Total Expenses
$5,511
Mortgage P&I
79%
$3,526
Property Taxes
13%
$585
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$444
CapEx
5%
$222
Vacancy
6%
$267
Maintenance
5%
$222
Other
0%
$0