This property looks like a bad Long-Term investment with a projected -17.56% first-year return on $145k initial cash invested.
-17.56%
Cash On Cash
3.1%
Cap Rate
0.48
DSCR
$3,141
Rent
-$2,118
Cashflow
Cash Flow
$3,141 income − $5,259 expenses = $2,118 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%
$6,892
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,141
Total Expenses
$5,259
Mortgage P&I
119%
$3,742
Property Taxes
15%
$456
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0