This property looks like a bad Long-Term investment with a projected -18.22% first-year return on $144k initial cash invested.
-18.22%
Cash On Cash
2.94%
Cap Rate
0.46
DSCR
$3,511
Rent
-$2,190
Cashflow
Cash Flow
$3,511 income − $5,701 expenses = $2,190 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,867
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,511
Total Expenses
$5,701
Mortgage P&I
105%
$3,697
Property Taxes
20%
$703
Home Insurance
7%
$250
HOA
4%
$137
Property Management
10%
$351
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0