This property looks like a bad Long-Term investment with a projected -18.44% first-year return on $143k initial cash invested.
-18.44%
Cash On Cash
2.91%
Cap Rate
0.44
DSCR
$2,552
Rent
-$2,192
Cashflow
Cash Flow
$2,552 income − $4,744 expenses = $2,192 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,552
Total Expenses
$4,744
Mortgage P&I
145%
$3,713
Property Taxes
5%
$117
Home Insurance
10%
$250
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0