This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $144k initial cash invested.
-17.68%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$2,983
Rent
-$2,122
Cashflow
Cash Flow
$2,983 income − $5,105 expenses = $2,122 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,857
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,983
Total Expenses
$5,105
Mortgage P&I
123%
$3,675
Property Taxes
12%
$366
Home Insurance
8%
$248
HOA
1%
$41
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0