This property looks like a bad Long-Term investment with a projected -22.43% first-year return on $143k initial cash invested.
-22.43%
Cash On Cash
2%
Cap Rate
0.31
DSCR
$2,717
Rent
-$2,682
Cashflow
Cash Flow
$2,717 income − $5,399 expenses = $2,682 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$137k
Closing costs
1%
$6,833
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,717
Total Expenses
$5,399
Mortgage P&I
136%
$3,684
Property Taxes
18%
$495
Home Insurance
9%
$245
HOA
10%
$268
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0