This property looks like a bad Long-Term investment with a projected -26.26% first-year return on $145k initial cash invested.
-26.26%
Cash On Cash
0.94%
Cap Rate
0.15
DSCR
$1,595
Rent
-$3,169
Cashflow
Cash Flow
$1,595 income − $4,764 expenses = $3,169 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,595
Total Expenses
$4,764
Mortgage P&I
227%
$3,628
Property Taxes
30%
$479
Home Insurance
15%
$241
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0