This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $145k initial cash invested.
-16.73%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$3,576
Rent
-$2,020
Cashflow
Cash Flow
$3,576 income − $5,596 expenses = $2,020 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,576
Total Expenses
$5,596
Mortgage P&I
106%
$3,791
Property Taxes
18%
$632
Home Insurance
7%
$242
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0