This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $143k initial cash invested.
-17.43%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$3,224
Rent
-$2,083
Cashflow
Cash Flow
$3,224 income − $5,307 expenses = $2,083 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$137k
Closing costs
1%
$6,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,224
Total Expenses
$5,307
Mortgage P&I
117%
$3,756
Property Taxes
14%
$451
Home Insurance
8%
$242
HOA
1%
$21
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0