This property looks like a bad Long-Term investment with a projected -24.18% first-year return on $145k initial cash invested.
-24.18%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$4,262
Rent
-$2,915
Cashflow
Cash Flow
$4,262 income − $7,177 expenses = $2,915 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,262
Total Expenses
$7,177
Mortgage P&I
88%
$3,734
Property Taxes
16%
$672
Home Insurance
6%
$241
HOA
33%
$1,422
Property Management
10%
$426
CapEx
5%
$213
Vacancy
6%
$256
Maintenance
5%
$213
Other
0%
$0