This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $143k initial cash invested.
-17.5%
Cash On Cash
2.75%
Cap Rate
0.45
DSCR
$3,554
Rent
-$2,089
Cashflow
Cash Flow
$3,554 income − $5,643 expenses = $2,089 out of pocket
Investment Breakdown
|
Purchase Price
$682k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,554
Total Expenses
$5,643
Mortgage P&I
98%
$3,477
Property Taxes
28%
$1,006
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0