This property looks like a bad Long-Term investment with a projected -9.7% first-year return on $144k initial cash invested.
-9.7%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$5,038
Rent
-$1,163
Cashflow
Cash Flow
$5,038 income − $6,201 expenses = $1,163 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,038
Total Expenses
$6,201
Mortgage P&I
70%
$3,517
Property Taxes
21%
$1,034
Home Insurance
5%
$240
HOA
2%
$100
Property Management
10%
$504
CapEx
5%
$252
Vacancy
6%
$302
Maintenance
5%
$252
Other
0%
$0