This property looks like a bad Long-Term investment with a projected -17.89% first-year return on $144k initial cash invested.
-17.89%
Cash On Cash
3.35%
Cap Rate
0.49
DSCR
$3,671
Rent
-$2,148
Cashflow
Cash Flow
$3,671 income − $5,819 expenses = $2,148 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,861
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,671
Total Expenses
$5,819
Mortgage P&I
106%
$3,878
Property Taxes
20%
$741
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$184
Vacancy
6%
$220
Maintenance
5%
$184
Other
0%
$0