This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $144k initial cash invested.
-13.6%
Cash On Cash
4.02%
Cap Rate
0.62
DSCR
$4,053
Rent
-$1,630
Cashflow
Cash Flow
$4,053 income − $5,683 expenses = $1,630 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,053
Total Expenses
$5,683
Mortgage P&I
92%
$3,721
Property Taxes
16%
$668
Home Insurance
6%
$240
HOA
0%
$0
Property Management
10%
$405
CapEx
5%
$203
Vacancy
6%
$243
Maintenance
5%
$203
Other
0%
$0