This property looks like a bad Long-Term investment with a projected -12.45% first-year return on $145k initial cash invested.
-12.45%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$4,185
Rent
-$1,501
Cashflow
Cash Flow
$4,185 income − $5,686 expenses = $1,501 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,185
Total Expenses
$5,686
Mortgage P&I
88%
$3,700
Property Taxes
15%
$616
Home Insurance
6%
$241
HOA
1%
$42
Property Management
10%
$418
CapEx
5%
$209
Vacancy
6%
$251
Maintenance
5%
$209
Other
0%
$0