This property looks like a bad Long-Term investment with a projected -14.35% first-year return on $145k initial cash invested.
-14.35%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$3,863
Rent
-$1,733
Cashflow
Cash Flow
$3,863 income − $5,596 expenses = $1,733 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,863
Total Expenses
$5,596
Mortgage P&I
96%
$3,718
Property Taxes
16%
$632
Home Insurance
6%
$242
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0