This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $145k initial cash invested.
-11.57%
Cash On Cash
4.39%
Cap Rate
0.68
DSCR
$3,983
Rent
-$1,397
Cashflow
Cash Flow
$3,983 income − $5,380 expenses = $1,397 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,983
Total Expenses
$5,380
Mortgage P&I
93%
$3,723
Property Taxes
8%
$299
Home Insurance
6%
$242
HOA
2%
$81
Property Management
10%
$398
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0