This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $145k initial cash invested.
-16.3%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$3,482
Rent
-$1,967
Cashflow
Cash Flow
$3,482 income − $5,449 expenses = $1,967 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,482
Total Expenses
$5,449
Mortgage P&I
106%
$3,678
Property Taxes
18%
$626
Home Insurance
7%
$240
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0