This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $143k initial cash invested.
-15.67%
Cash On Cash
3.59%
Cap Rate
0.54
DSCR
$3,252
Rent
-$1,862
Cashflow
Cash Flow
$3,252 income − $5,114 expenses = $1,862 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,252
Total Expenses
$5,114
Mortgage P&I
115%
$3,731
Property Taxes
9%
$299
Home Insurance
7%
$238
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0