This property looks like a bad Long-Term investment with a projected -12.9% first-year return on $144k initial cash invested.
-12.9%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$4,057
Rent
-$1,551
Cashflow
Cash Flow
$4,057 income − $5,608 expenses = $1,551 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,057
Total Expenses
$5,608
Mortgage P&I
94%
$3,798
Property Taxes
13%
$513
Home Insurance
6%
$242
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$243
Maintenance
5%
$203
Other
0%
$0