This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $145k initial cash invested.
-15.09%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$4,324
Rent
-$1,828
Cashflow
Cash Flow
$4,324 income − $6,152 expenses = $1,828 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,324
Total Expenses
$6,152
Mortgage P&I
88%
$3,819
Property Taxes
22%
$965
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$432
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0