This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $145k initial cash invested.
-13.44%
Cash On Cash
3.9%
Cap Rate
0.61
DSCR
$3,861
Rent
-$1,628
Cashflow
Cash Flow
$3,861 income − $5,489 expenses = $1,628 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,923
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,861
Total Expenses
$5,489
Mortgage P&I
95%
$3,685
Property Taxes
14%
$559
Home Insurance
6%
$241
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0