This property looks like a bad Long-Term investment with a projected -9.15% first-year return on $145k initial cash invested.
-9.15%
Cash On Cash
4.46%
Cap Rate
0.75
DSCR
$4,618
Rent
-$1,104
Cashflow
Cash Flow
$4,618 income − $5,722 expenses = $1,104 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,618
Total Expenses
$5,722
Mortgage P&I
74%
$3,434
Property Taxes
18%
$842
Home Insurance
5%
$245
HOA
0%
$0
Property Management
10%
$462
CapEx
5%
$231
Vacancy
6%
$277
Maintenance
5%
$231
Other
0%
$0