This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $143k initial cash invested.
-13.19%
Cash On Cash
4.02%
Cap Rate
0.63
DSCR
$4,544
Rent
-$1,572
Cashflow
Cash Flow
$4,544 income − $6,116 expenses = $1,572 out of pocket
Investment Breakdown
|
Purchase Price
$681k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,544
Total Expenses
$6,116
Mortgage P&I
80%
$3,624
Property Taxes
21%
$961
Home Insurance
5%
$238
HOA
2%
$112
Property Management
10%
$454
CapEx
5%
$227
Vacancy
6%
$273
Maintenance
5%
$227
Other
0%
$0