This property looks like a bad Long-Term investment with a projected -18.12% first-year return on $145k initial cash invested.
-18.12%
Cash On Cash
2.73%
Cap Rate
0.43
DSCR
$2,897
Rent
-$2,183
Cashflow
Cash Flow
$2,897 income − $5,080 expenses = $2,183 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,897
Total Expenses
$5,080
Mortgage P&I
124%
$3,605
Property Taxes
16%
$471
Home Insurance
9%
$250
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0