This property looks like a bad Long-Term investment with a projected -20.03% first-year return on $145k initial cash invested.
-20.03%
Cash On Cash
2.43%
Cap Rate
0.38
DSCR
$2,641
Rent
-$2,421
Cashflow
Cash Flow
$2,641 income − $5,062 expenses = $2,421 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,641
Total Expenses
$5,062
Mortgage P&I
140%
$3,685
Property Taxes
17%
$446
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0