This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $145k initial cash invested.
-16.19%
Cash On Cash
3.31%
Cap Rate
0.52
DSCR
$3,357
Rent
-$1,953
Cashflow
Cash Flow
$3,357 income − $5,310 expenses = $1,953 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,357
Total Expenses
$5,310
Mortgage P&I
110%
$3,688
Property Taxes
16%
$539
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0