This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $145k initial cash invested.
-16.51%
Cash On Cash
3.16%
Cap Rate
0.5
DSCR
$3,110
Rent
-$1,998
Cashflow
Cash Flow
$3,110 income − $5,108 expenses = $1,998 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%
$6,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,110
Total Expenses
$5,108
Mortgage P&I
118%
$3,661
Property Taxes
13%
$392
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0