This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $145k initial cash invested.
-13.63%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$4,072
Rent
-$1,650
Cashflow
Cash Flow
$4,072 income − $5,722 expenses = $1,650 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,917
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,072
Total Expenses
$5,722
Mortgage P&I
93%
$3,775
Property Taxes
16%
$643
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$407
CapEx
5%
$204
Vacancy
6%
$244
Maintenance
5%
$204
Other
0%
$0