This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $145k initial cash invested.
-13.34%
Cash On Cash
4.27%
Cap Rate
0.63
DSCR
$3,666
Rent
-$1,611
Cashflow
Cash Flow
$3,666 income − $5,277 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,666
Total Expenses
$5,277
Mortgage P&I
106%
$3,883
Property Taxes
5%
$199
Home Insurance
7%
$242
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0