This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $145k initial cash invested.
-15.67%
Cash On Cash
3.1%
Cap Rate
0.51
DSCR
$3,311
Rent
-$1,895
Cashflow
Cash Flow
$3,311 income − $5,206 expenses = $1,895 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,912
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,311
Total Expenses
$5,206
Mortgage P&I
106%
$3,513
Property Taxes
18%
$588
Home Insurance
7%
$243
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0