This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $143k initial cash invested.
-17.95%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$3,229
Rent
-$2,142
Cashflow
Cash Flow
$3,229 income − $5,371 expenses = $2,142 out of pocket
Investment Breakdown
|
Purchase Price
$682k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,818
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,229
Total Expenses
$5,371
Mortgage P&I
116%
$3,732
Property Taxes
17%
$536
Home Insurance
7%
$239
HOA
1%
$25
Property Management
10%
$323
CapEx
5%
$161
Vacancy
6%
$194
Maintenance
5%
$161
Other
0%
$0