This property looks like a bad Long-Term investment with a projected -21.87% first-year return on $145k initial cash invested.
-21.87%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$2,475
Rent
-$2,641
Cashflow
Cash Flow
$2,475 income − $5,116 expenses = $2,641 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,475
Total Expenses
$5,116
Mortgage P&I
156%
$3,853
Property Taxes
11%
$277
Home Insurance
10%
$242
HOA
4%
$100
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0