This property looks like a bad Long-Term investment with a projected -19.02% first-year return on $145k initial cash invested.
-19.02%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$3,104
Rent
-$2,296
Cashflow
Cash Flow
$3,104 income − $5,400 expenses = $2,296 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%
$6,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,104
Total Expenses
$5,400
Mortgage P&I
122%
$3,798
Property Taxes
18%
$560
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0