This property looks like a bad Long-Term investment with a projected -17.12% first-year return on $145k initial cash invested.
-17.12%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$3,651
Rent
-$2,068
Cashflow
Cash Flow
$3,651 income − $5,719 expenses = $2,068 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,651
Total Expenses
$5,719
Mortgage P&I
104%
$3,793
Property Taxes
18%
$671
Home Insurance
7%
$245
HOA
2%
$60
Property Management
10%
$365
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0