This property looks like a bad Long-Term investment with a projected -20.35% first-year return on $144k initial cash invested.
-20.35%
Cash On Cash
2.12%
Cap Rate
0.34
DSCR
$1,875
Rent
-$2,440
Cashflow
Cash Flow
$1,875 income − $4,315 expenses = $2,440 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,875
Total Expenses
$4,315
Mortgage P&I
190%
$3,558
Property Taxes
0%
$7
Home Insurance
13%
$240
HOA
1%
$22
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0