This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $144k initial cash invested.
-15.11%
Cash On Cash
3.36%
Cap Rate
0.54
DSCR
$3,879
Rent
-$1,816
Cashflow
Cash Flow
$3,879 income − $5,695 expenses = $1,816 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,879
Total Expenses
$5,695
Mortgage P&I
91%
$3,545
Property Taxes
23%
$901
Home Insurance
6%
$240
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0