This property looks like a bad Long-Term investment with a projected -17.17% first-year return on $145k initial cash invested.
-17.17%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$3,440
Rent
-$2,081
Cashflow
Cash Flow
$3,440 income − $5,521 expenses = $2,081 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$139k
Closing costs
1%
$6,926
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,440
Total Expenses
$5,521
Mortgage P&I
107%
$3,692
Property Taxes
20%
$690
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0