This property looks like a bad Long-Term investment with a projected -17.75% first-year return on $143k initial cash invested.
-17.75%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$3,051
Rent
-$2,115
Cashflow
Cash Flow
$3,051 income − $5,166 expenses = $2,115 out of pocket
Investment Breakdown
|
Purchase Price
$681k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,051
Total Expenses
$5,166
Mortgage P&I
122%
$3,708
Property Taxes
13%
$402
Home Insurance
8%
$245
HOA
1%
$17
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0