This property looks like a bad Long-Term investment with a projected -21.28% first-year return on $145k initial cash invested.
-21.28%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$2,094
Rent
-$2,570
Cashflow
Cash Flow
$2,094 income − $4,664 expenses = $2,570 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
$2,094
Total Expenses
$4,664
Mortgage P&I
177%
$3,702
Property Taxes
8%
$175
Home Insurance
12%
$242
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0