This property looks like a bad Long-Term investment with a projected -18.42% first-year return on $144k initial cash invested.
-18.42%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$2,987
Rent
-$2,208
Cashflow
Cash Flow
$2,987 income − $5,195 expenses = $2,208 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,987
Total Expenses
$5,195
Mortgage P&I
127%
$3,793
Property Taxes
13%
$384
Home Insurance
8%
$242
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0