This property looks like a bad Long-Term investment with a projected -18.57% first-year return on $144k initial cash invested.
-18.57%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$2,677
Rent
-$2,223
Cashflow
Cash Flow
$2,677 income − $4,900 expenses = $2,223 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,841
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,677
Total Expenses
$4,900
Mortgage P&I
138%
$3,687
Property Taxes
10%
$271
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0