This property looks like a bad Long-Term investment with a projected -20.06% first-year return on $145k initial cash invested.
-20.06%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$2,943
Rent
-$2,428
Cashflow
Cash Flow
$2,943 income − $5,371 expenses = $2,428 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,943
Total Expenses
$5,371
Mortgage P&I
128%
$3,762
Property Taxes
9%
$275
Home Insurance
8%
$248
HOA
11%
$321
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0