This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $145k initial cash invested.
-12.4%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$3,413
Rent
-$1,495
Cashflow
Cash Flow
$3,413 income − $4,908 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,413
Total Expenses
$4,908
Mortgage P&I
110%
$3,767
Property Taxes
0%
$12
Home Insurance
7%
$241
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0