This property looks like a bad Long-Term investment with a projected -16.37% first-year return on $144k initial cash invested.
-16.37%
Cash On Cash
3.05%
Cap Rate
0.49
DSCR
$3,434
Rent
-$1,966
Cashflow
Cash Flow
$3,434 income − $5,400 expenses = $1,966 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,863
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,434
Total Expenses
$5,400
Mortgage P&I
103%
$3,541
Property Taxes
21%
$726
Home Insurance
7%
$240
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0