This property looks like a bad Long-Term investment with a projected -16.57% first-year return on $145k initial cash invested.
-16.57%
Cash On Cash
3.21%
Cap Rate
0.5
DSCR
$2,992
Rent
-$1,997
Cashflow
Cash Flow
$2,992 income − $4,989 expenses = $1,997 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,992
Total Expenses
$4,989
Mortgage P&I
123%
$3,692
Property Taxes
9%
$270
Home Insurance
8%
$248
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0