This property looks like a bad Long-Term investment with a projected -24.25% first-year return on $143k initial cash invested.
-24.25%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$2,451
Rent
-$2,898
Cashflow
Cash Flow
$2,451 income − $5,349 expenses = $2,898 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$137k
Closing costs
1%
$6,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,451
Total Expenses
$5,349
Mortgage P&I
157%
$3,839
Property Taxes
26%
$627
Home Insurance
10%
$245
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0