This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $143k initial cash invested.
-19.41%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$2,782
Rent
-$2,311
Cashflow
Cash Flow
$2,782 income − $5,093 expenses = $2,311 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,782
Total Expenses
$5,093
Mortgage P&I
132%
$3,667
Property Taxes
16%
$450
Home Insurance
9%
$245
HOA
0%
$8
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0