This property looks like a bad Long-Term investment with a projected -19.19% first-year return on $144k initial cash invested.
-19.19%
Cash On Cash
2.77%
Cap Rate
0.43
DSCR
$3,383
Rent
-$2,309
Cashflow
Cash Flow
$3,383 income − $5,692 expenses = $2,309 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$138k
Closing costs
1%
$6,877
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,383
Total Expenses
$5,692
Mortgage P&I
110%
$3,729
Property Taxes
23%
$762
Home Insurance
7%
$245
HOA
2%
$77
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0